HSBC, Citigroup Said to Suspend Traders on Currency Probe - Bloomberg:
"The world’s seven biggest currency traders have fired, suspended or put employees on leave as officials probe alleged foreign-exchange benchmark manipulation.
HSBC Holdings Plc (HSBA) suspended two London-based foreign-exchange traders, according to a statement yesterday. Citigroup Inc. (C) put two spot traders who specialized in G-10 currencies on leave, according to a person with knowledge of the matter who asked not to be identified because the matter is private.
That brings the total number of traders known to be fired, suspended or put on leave to at least 17 since Bloomberg News reported in June that employees at some firms said they shared information about their positions with counterparts at other banks to try and manipulate the WM/Reuters rates, a key benchmark in the $5.3 trillion-a-day currency market."
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