Barclays is the next bank to participate actively in the FX market manipulation probe LeapRate

October 31, 2013 BY Gerald Segal

Barclays is the next bank to participate actively in the FX market manipulation probe

Global financial regulators get another bank on board to help them assess the London foreign exchange fix fairness. Barclays (NYSE:BCS) -- the UK's third biggest bank by market cap -- is the next shoe to drop in financial regulators' efforts to mitigate potential risks of currency rates rigging. In its third quarter interim management statement Barclays…

October 17, 2013 BY Gerald Segal

Hong Kong financial regulator now involved in 4pm fix manipulation investigation

...and the UK's FCA is looking at IMs and chatroom activity of JP Morgan's Chief FX Dealer in London. As we have recently reported, several financial regulators across the globe, later joined by the FBI, have started regulatory and criminal probes into currency rates manipulation around the daily 4pm London fix of FX rates. Reports…

October 14, 2013 BY Gerald Segal

FBI joins UK's FCA and Switzerland's FINMA in probing FX rate manipulation

Focus seems to be on chat room activity around the daily 4pm London fix. A report Friday by Bloomberg suggests that the US Justice Department and the FBI are conducting separate criminal probes into foreign currency rate market rigging by some of the world's biggest banks, around the daily 4pm fix of various currency pairs.…

October 07, 2013 BY Gerald Segal

Can exchange rates be manipulated?

Swiss regulator FINMA investigating several banks for possible manipulation of foreign exchange markets. Much of the behind-the-scenes chatter in the forex world this past weekend has revolved around the investigation announced Friday by Swiss financial regulator FINMA into the possible manipulation of foreign exchange markets by a number of unnamed banks. The excitement began after a very…

Tag: forex manipulation