US 'to focus on Bank of England forex probe'

May 14,  · The Bank of England's inquiry into suspected rigging of foreign exchange markets is to face close scrutiny from the US Department of Justice, the Financial Times reported Thursday. The FT, which.

This is where you will find links to articles and documents that will help you determine if your mortgage is compromised, and show what you can do about it. Some articles are aggregated under the Creative Commons License. The investigations are far from over. Royal Bank of Scotland has suspended the bonus pots of 18 traders as part of an internal investigation into foreign exchange rigging. Business and Economics Portal.

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The forex scandal (also known as the forex probe) is a financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates for their own financial gain.

Image copyright PA Image caption RBS is among several banks contacted by regulators in the foreign exchange investigations Royal Bank of Scotland RBS has suspended two traders in connection to a growing investigation into the possible manipulation of foreign exchange rates. More on this story. Financial Conduct Authority joins foreign exchange probe. Swiss regulator investigates banks over foreign exchange deals.

Royal Bank of Scotland. Tories must be a party for everyone Theresa May pledges to boost council house-building and says austerity is ending, in her big speech. Elsewhere on the BBC. Drowning in Plastic What did experts do to help this baby chick? Daily news briefing direct to your inbox Sign up for our newsletter. So far nine people have been fired.

Barclays fired four traders in the last month. Shares in the bank rose more than 3 percent to an month high as investors welcomed the removal of uncertainty over the forex scandal. UBS was the first firm to report the misconduct to U. The global investigation into manipulation of foreign exchange rates has put the largely unregulated forex market on a tighter leash and accelerated a push to automate trading.

Authorities in South Africa announced this week they were opening their own probe. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Answers On Innovation Thomson Reuters. Thomson Reuters is the parent company of Reuters News, which is not involved in the fixing process. It is the nearest thing to a closing price in a hour, self-regulated market. The rates are set hourly, or every 30 minutes for active currencies, and cover some currencies.

While RBS sought to reassure clients that it would not be sharing information about flows related to the fix, it said it would hedge its own position up to 15 minutes before the benchmark is set to protect itself against market movements. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Answers On Innovation Thomson Reuters.