New York bank regulator reportedly opens currency trading probe


Ben Lawsky, New York's financial services superintendent, reportedly has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions.

Lawsky is said to have asked for documents from Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), Goldman Sachs (GS), Lloyds (LYG), Royal Bank of Scotland (RBS), Societe Generale (SCGLF, SCGLY) and Standard Chartered (SCDRF, SCBFF).

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Comments (2)
  • Value Mine
    , contributor
    Comments (224) | Send Message
     
    These banks probably bought up VIX calls once they got these requests.... based on how they figured the public would react to the news.
    5 Feb 2014, 12:44 PM Reply Like
  • spald_fr
    , contributor
    Comments (2814) | Send Message
     
    Bernacke has left the building, Ben.
    5 Feb 2014, 12:49 PM Reply Like
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