UPDATE: U.S. to Open Criminal Probe on Currency Market Rigging - Bloomberg
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(Updated - October 11, 2013 11:20 AM EDT)
U.S. Department of Justice is planning to open a probe on currency market rigging, according to Bloomberg sources. The $5.3 trillion market is currently being investigated by Swiss and other European regulators. The investigation may be similar to the Libor scandal, which resulted in fines for a number of banks.
At first glance, headline appears to be having affect on UBS AG (NYSE: UBS) stock.
U.S. Department of Justice is planning to open a probe on currency market rigging, according to Bloomberg sources. The $5.3 trillion market is currently being investigated by Swiss and other European regulators. The investigation may be similar to the Libor scandal, which resulted in fines for a number of banks.
At first glance, headline appears to be having affect on UBS AG (NYSE: UBS) stock.
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