TV News LIES

Friday, Apr 18th

Last update02:23:40 PM GMT

You are here News Domestic (USA) New York regulator demands bank documents as investigation widens

New York regulator demands bank documents as investigation widens

E-mail Print PDF

banks investigatedNew York state’s top financial regulator has demanded documents from more than a dozen banks including Barclays, Deutsche, Goldman Sachs and RBS as a probe widened into trading practices in the $5.3tn-a-day global foreign exchange markets.

Benjamin Lawsky, New York's financial services superintendent, made the move following the banks’ decision to fire or suspend at least 20 traders following reports that employees at some firms had shared information about their currency positions with counterparts at other companies.

A source in Lawsky’s office said the investigation, which also brought in Credit Suisse and Standard Chartered, was at an early stage. “We are investigating a broad range of concerns about foreign exchange trading at these institutions,” said the source, who asked not to be identified.

Lawsky’s move marks the latest escalation in a global investigation by regulators into the manipulation of benchmark rates. The currency probe comes as regulators are still investigating the manipulation of the Libor lending rate by traders at some of the world’s biggest banks.

More...


Most Recent Related Stories...


Author Michael Ruppert dies of self-inflicted gunshot wound

Michale RuppertNationally known author Michael Ruppert died Sunday of an apparent self-inflicted gunshot wound in Calistoga where...

Detroit makes deal with retired cops, firefighter

adetroit pension dealThe city of Detroit reached a deal with a group of retired police officers and firefighters...

Blast on site of explosives plants kills 1

Blast at explosive plantAn explosion and fire at a Tennessee plant where several ammunition and explosives businesses are based...

Bomb Squad Detonates Bags Left Near Boston Marathon Finish Line

Bpmb squad detonates two bags at finish line in BostonBoylston Street was evacuated Tuesday night after two bags were left at the finish line of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!