Global forex probe ensnares large banks like HSBC, Barclays, Citigroup, JPMorgan and others

At least a dozen large banks from the US and Europe have come under scanner in a global regulatory probe into suspected manipulations in forex markets, with some of them being investigated for possible manoeuvring in over $50-billion a day rupee trade market. Without specifying the jurisdictions of the probes, some of these banks have admitted to being investigated by regulatory authorities for alleged forex marketmanipulations. These include Goldman Sachs, HSBC, UBS,Deutsche Bank, Barclays, RBS, Citigroupand JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations....Read more >> Click here