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. 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. A Swiss regulator has taken an aggressive position in what has become an international probe of possible manipulation of foreign-exchange rates among banks, by flagging a number of big lenders
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.
USTR will conduct the investigation under Section 301 of the 1974 Trade Act. As part of its investigation on currency undervaluation, USTR will consult with the Department of the Treasury as to issues of currency … Mar 31, 2014 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 04, 2020 · The United States is opening a "Section 301" investigation into whether Vietnam has been undervaluing its currency and harming U.S. commerce, the U.S. Trade Representative's office said in a statement on Friday. It also announced investigation into Vietnam's harvesting and trading of timber in the same statement.
Swiss Name 8 Banks In Foreign Exchange Manipulation Probe The move is the latest twist in an investigation by regulators in the U.S., Europe and Asia on whether major banks colluded to manipulate
21 Jul 2014 Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange 10 Apr 2014 communication with the Monetary Authority of Singapore as part of the global investigation into potential foreign exchange manipulation, the 12 Nov 2014 totalling $3.4 billion (₹20, 900 crore) on five banks after a global regulatory probe found them guilty of rigging the foreign exchange market. 30 Mar 2014 The Commerce Commission has an investigation underway into the foreign exchange market, amid a global probe into alleged manipulation of 4 Nov 2014 JPMorgan revealed that regulators across the globe are conducting investigations into its FX trading-related operations. 29 Oct 2013 Justice Department was investigating possible manipulation in foreign exchange rates, in the first public acknowledgement of such a probe.
12 Nov 2014 totalling $3.4 billion (₹20, 900 crore) on five banks after a global regulatory probe found them guilty of rigging the foreign exchange market.
May 20, 2015 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.
29 Jan 2019 foreign exchange benchmark rates, marking the last settlement to come from a long-standing investigation into misconduct and manipulation
Forex trading probes Add to myFT. Banks face fresh collective action over forex manipulation. Specialist litigation firm Hausfeld latest to launch suit on behalf of investors. Federal Reserve Joins Forex Probe, Targets Largest Banks Over Currency Manipulation The U.S. Federal Reserve has initiated an investigation, joining other regulators in ascertaining the truth surrounding forex manipulation and the Sep 30, 2020 · The probe, undertaken through section 301 of the 1974 Trade Act, would come after the Departments of Commerce and Treasury in August determined Vietnam had manipulated its currency in a specific Banks including JPMorgan have paid more than $10 billion of fines to resolve regulatory probes worldwide into currency manipulation. The case is U.S. v. Aiyer, U.S. District Court, Southern Bloomberg first reported on the confidential investigation in which U.S prosecutors are using cooperation agreements it reached with banks in May to gather information and interview traders about suspected market rigging. Rupee, other forex manipulations face global regulatory probe. As possible manipulation in worldwide forex markets face a global regulatory probe, trades conducted in Indian rupee along with a host of currencies by such manipulators have come under the scanner. 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.