New York state's financial regulator has opened an investigation into alleged manipulation of foreign exchange markets and is demanding documents from more than a dozen banks, a source familiar with the investigation told Al Jazeera.
Barclays, Lloyds Banking Group, Goldman Sachs and a number of other large banks that the Department of Financial Services regulates will be investigated in the probe, the source said.
[...]
Investigators suspect that traders from different banks may have used chat rooms to share information about trades in ways that benefited their positions.
alJazeera
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