Deutsche Bank Suspends Traders Suspected Of Forex Rigging

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Mani
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Deutsche Bank AG (NYSE:DB) (ETR:DBK) suspended several traders for suspected attempts to manipulate benchmark foreign exchange rates. Citing people familiar with the matter, Germany daily Die Welt reported that at least one trader who worked in New York and traded in Argentine pesos had been suspended. Leading banks under forex probe At least six regulatory authorities around the globe, including the US Department of Justice, the European Commission and the Hong Kong Monetary Authority, are investigating the alleged manipulation of currency markets. Investigators are examining the possible transfer of information by traders from one bank to another through the electronic medium….

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports