12 Nov 2014 "If the manipulation effects had succeeded, there very well could have been distortion effects on relative prices for imports and exports related to 29 Jan 2019 foreign exchange benchmark rates, marking the last settlement to come from a long-standing investigation into misconduct and manipulation 30 Oct 2014 The forex scandal, also known as the FX scandal or forex probe, Keeping safe from exchange rate manipulation with Kantox and other 3 May 2018 In December, the RBS FX trader who was arrested in connection to the Fx probe by the serious Fraud Office has been identified as Paul Nash, 8 Dec 2015 [21] Additionally, manipulation of forex rates skews the value of pension funds and McCoy, “Banks Fined $4.3B in Foreign Exchange Probe.”. 8 Nov 2013 As the investigation into the alleged manipulation of FX widens, the jury is out on whether the practice is tantamount to front-running clients or 19 Oct 2015 SA probe finds forex traders shared client info client transactions, collusion or the manipulation of any foreign exchange benchmarks".
A huge volume of rupee trades outside India has been a problem area, but the latest global probe into possible forex market manipulations have added to the concerns of the Indian regulators.
On October 2, the United States government announced that it is opening an investigation into possible currency manipulation by the government of Vietnam. According to a statement from the office A Commerce Commission probe into currency market manipulation was sparked by an alleged cartel member seeking immunity from prosecution, the regulator says. Swiss name 8 banks in forex manipulation probe. Read full article. John Heilprin, Associated Press. March 31, 2014, 5:32 AM. FOREX (the foreign exchange market) is a global decentralised market for the trading of currencies. The main participants are the larger international banks, with four banks – Deutsche Bank, Citigroup, Barclays and UBS – accounting for half of all trading. Nov 12, 2014 · Six banks, including RBS and HSBC, have been collectively fined £2.6bn by UK and US regulators for traders' attempted manipulation of foreign exchange rates.
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.
Oct 29, 2013 · Department of Justice comment is first public confirmation of U.S. role in ForEx probe UBS and Deutsche Bank confirm they%27re cooperating with investigators Probes are %22in early stages%22 Oct 30, 2013 · More light has been shed on a global probe into the possible manipulation of the $5.3 trillion-a-day currency market, as three major European banks confirmed they are being examined by regulators.
Mar 16, 2015
Nov 12, 2014 · Six banks, including RBS and HSBC, have been collectively fined £2.6bn by UK and US regulators for traders' attempted manipulation of foreign exchange rates. Jeff says -- Supposedly the Trump Administration is working on going after Vietnam for currency manipulation and a currency probe.. by Ponee on Sat Oct 03, 2020 9:12 pm. UBS suspends U.S.-based forex trader in manipulation probe Read full article The logo of Swiss bank UBS is reflected in a puddle as a woman walks past, in Zurich July 30, 2013.
Forex manipulation Probe widens big banks may pay more. Advertisement . Stock Market. Most Read. RBI's new credit and debit card rules to be effective from 1st October 2020 - Check details.
Oct 08, 2020 · Just days after the Trump administration announced a probe into currency manipulation by Vietnam, its trade deficit with the nation skyrocketed to an all-time high. These probes are carried out at the direction of US President Donald Trump, it added. Vietnam is currently in the US Department of Treasury’s monitoring list for currency manipulation. “President Trump is firmly committed to combating unfair trade practices that harm America’s workers, businesses, farmers, and ranchers. Oct 02, 2020 · A possible probe into Vietnam over allegations of currency manipulation could lead Trump to raise costs on shoes coming from the country.