Monday 14 October 2013

The investigation regarding the manipulation on the forex

The U.S. Justice Department has opened a criminal investigation of possible manipulation of the $5.3 trillion-a-day foreign exchange market, a person familiar with the matter said. 


The Federal Bureau of Investigation, which is also looking into alleged rigging of interest rates associated with the London interbank offered rate, or Libor, is in the early stages of its currency market probe, said the person, who asked not to be identified because the inquiry is confidential.


Banks such as RBS, Citigroup and Deutsche Bank are among the institutions that viewing e-mail messages, text messages, phone records of employees related to the foreign currency market, looking for evidence of possible manipulation - according to sources.


sweet dreams,
oscarjp

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