Latest Foreign Exchange News

Martin Arnold

FT - HSBC Faces New Claims of FOREX Rigging

HSBC is facing a fresh legal battle over allegations that it's traders manipulated foreign exchange markets for their own profit at the expense of their clients, with the claims centering on trades from more than a decade ago.

Katie Martin

FT - FOREX Code of Conduct aims to Rebuild Investors’ Trust

Banks, policymakers and investors have drawn up a new set of guidelines for behaviour in the vast global foreign exchange markets, seeking to rebuild trust after years of scandals...

Caroline Binham

FT - FOREX ‘Cartel’ Traders Strike Deal Over US Rigging Charge

Three British-based former currency traders charged by the US Department of Justice in its criminal investigation into the alleged rigging of foreign-exchange benchmarks...

Nick Kostov

WSJ - BNP Paribas Fined by Fed Over Currency Manipulation

French bank to pay $246 million to resolve probe of misconduct in its foreign-exchange business.

Eva Szalay

FT- Banks Accused of Overcharging Small Customers for Forex Services

Banks across Europe earn hundreds of millions of euros a year from overcharging small corporate customers for foreign exchange services...

Eva Szalay

FT- Big Banks to Fight Mifid Push for Extra Transparency in FX Markets

Some of the biggest banks in the $5tn-a-day currency markets plan to use a prominent lobby group to push back at rules requiring them to disclose...

Delphine Strauss

Five Big Banks Extend Their Domination of Forex Trading

The biggest banks have reinforced their dominance of the $5.3tn-a-day foreign exchange market during the past year...


Exclusive: Bank in Forex Settlement Talks with U.S., N.Y. Sources

Bank is in settlement talks with the U.S. Justice Department and New York attorney general over...

The Wall Street Journal

Bank to Pay $714 Million to Resolve Currency Suites

Suits claimed custody bank defrauded pension funds by overcharging on currency transactions...

The Wall Street Journal

Banks Expected to Settle FX Probes for Billions

Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging...

Financial Times

Big Banks Finalise $6bn-plus Settlements on Foreign Exchange

Five of the world's biggest banks are finalising agreements to collectively pay more that $6bn for allegedly...

McClatchy Washington Bureau

Global Banks Fined $5.6 Billion-plus for Forex Swindle

The banks conspired with one another to fix rates on U.S. dollars and euros traded in the huge global market...

Bloomberg View

Banks Will Keep Doing FX Stuff That Got Them Into Trouble

As a condition of their probation, all the banks that pled guilty to a conspiracy to rig foreign-exchange rates...

Michael Mackenzie

Harsh Light Falls on Dark Underbelly of Global Lenders' Trading Operations

No bank can afford to employ a trader who thinks that cheating and trying are synonymous...

Financial Times

Bank Admits Rigging the Market

Lender operated 'brazen heads I win, tails you lose scheme to rip off their clients' regulator finds...

The Wall Street Journal

Forex Investors See Regulation as a Top Issue

Tightening rules could make currency trading more difficult, expensive...

The Wall Street Journal

Forex Scandal Drives Shift to Algo Trading

Banks are increasingly turning to computer programs to carry out foreign exchange trades...

Financial Times

Bank FX Trader Seeks 'Truth' in Wrongful Firing Case

A former trader told London employment tribunal on Tuesday that he was "not here to mudsling" but to ensure...

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