UPDATE: NY Financial Regulator Lawsky Said to Open Currency Probe of More than One Dozen Banks
(Updated - February 5, 2014 10:38 AM EST)
New York State's first Superintendent of Financial Services, Benjamin Lawsky, is said to open currency probe of more than one dozen banks, according to Bloomberg headlines.
Information has been requested from Deutsche Bank (NYSE: DB) and Goldman Sachs (NYSE: GS), according to sources. Lloyds Banking Group (NYSE: LYG), Royal Bank of Scotland (NYSE: RBS), and Credit Suisse (NYSE: CS) are among other names mentioned.
Bloomberg reported last June that employees at some of the firms shared information about current currency positions with counterparts. About 20 people have been fired, suspended, or put on leave since the news first broke.
New York State's first Superintendent of Financial Services, Benjamin Lawsky, is said to open currency probe of more than one dozen banks, according to Bloomberg headlines.
Information has been requested from Deutsche Bank (NYSE: DB) and Goldman Sachs (NYSE: GS), according to sources. Lloyds Banking Group (NYSE: LYG), Royal Bank of Scotland (NYSE: RBS), and Credit Suisse (NYSE: CS) are among other names mentioned.
Bloomberg reported last June that employees at some of the firms shared information about current currency positions with counterparts. About 20 people have been fired, suspended, or put on leave since the news first broke.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- BHP Group (BHP) Said to Weigh Potential Takeover of Anglo American (NGLOY) - Bloomberg
- Micron Technology (MU) plans to construct a $100B "Megafab" employing more than 9,000 workers in Upstate NY - Nikkei
Create E-mail Alert Related Categories
Insiders' Blog, Litigation, RumorsRelated Entities
Credit Suisse, Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!