“The foreign-exchange trading business was in upheaval across Wall Street as senior executives resigned and others were fired amid an expanding probe of possible currency manipulation. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, asked more than a dozen firms including Deutsche Bank AG (DB),Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) for documents on their currency-trading practices. Deutsche Bank, the top foreign-exchange trader, fired four dealers after an internal probe, people with knowledge of the move said. Goldman Sachs lost two partners while Citigroup said its foreign-exchange chief will leave in March.”
Related posts:
Obama administration authorizes $1.83-billion arms sale to Taiwan
Millions spent to begin razing of 7,000 abandoned properties in Dayton
Britain's Co-operative Bank faces nationalisation if junior bondholders reject 'haircut'
New York Fed Massively Disagrees With DOE's Student Loan Default Data
Barclays fined $44 million over gold price fixing
Revealed: Big Pharma tested dangerous new drugs on unknowing East Germans
How the NSA Halted My Rise as a Vermont Drug Lord
Feds firm on gun denials for pot users
Musharraf says blasphemy law cannot be changed (2011)
If Senators Really Like Bitcoin They Should Encourage Banks To Cooperate
Russia: Hidden chips 'launch spam attacks from irons'
Mexico ships first load of premium tequila to China
Mandarin Chinese Becomes New Language in the Classroom
‘Simplified’ IVF procedure could cost just $256
Russian spokesman mocks Britain, the little island