BNP Paribas suspends head of spot currency trading

|About: BNP Paribas (BNPQF)|By:, SA News Editor

Another casualty in the probes over foreign-exchange trading mischief is Bob de Groot - the head of spot currency trading for BNP Paribas (BNPQF, BNPQY) - who has just been suspended from his position, reports the WSJ. More than twenty traders have been placed on leave, suspended, or fired by global banks since the investigations began, and the BoE suspended a staff member earlier this week, though it says it found no evidence of any wrongdoing as it pertains to manipulating rates.