"Lawsky Said to Open Currency Probe of Over Dozen Banks"

[applegrove]

Lawsky Said to Open Currency Probe of Over Dozen Banks

By Greg Farrell at Bloomberg News

http://www.bloomberg.com/news/2014-02-05/lawsky-said-to-open-currency-probe-of-more-than-one-dozen-banks.html

"SNIP....................................

Benjamin Lawsky, New York’s top financial regulator, has asked more than a dozen banks including Goldman Sachs Group Inc. (GS) and Deutsche Bank AG (DB) for documents related to their currency trading practices, a person familiar with the matter said.

Lawsky also requested information from Lloyds Banking Group Plc (LLOY), Royal Bank of Scotland Plc, Credit Suisse Group AG (CSGN) and Standard Chartered Plc (STAN), according to the person, who asked not to be identified because the investigation isn’t public. Lawsky has asked for traders’ e-mails and instant messages to review whether they manipulated currency rates, the person said.

At least 20 people have been fired, suspended or put on leave by banks since Bloomberg News reported in June that employees at some firms shared information about their currency positions with counterparts at other lenders. At least a dozen regulators and agencies on three continents are investigating the rigging allegations.

Spokesmen for Goldman Sachs, Deutsche Bank, Credit Suisse and Standard Chartered declined to comment, while spokesmen for Lloyds and RBS didn’t immediately respond to phone calls and e-mails.


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[2naSalit]

1. Hmmm

wonder how this might be connected with those recent alleged suicides and that one missing journalist...?