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.
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