OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» ‘Out The Back Door’, Questioning The Death Of Jeffrey Epstein
Forex manipulation probe widens EmptyYesterday at 10:51 am by PurpleSkyz

» ‘Curiouser & Curiouser’, Is Joe Biden Serving Two Masters?
Forex manipulation probe widens EmptyYesterday at 10:48 am by PurpleSkyz

» The Lancet says climate change is a “medical emergency”
Forex manipulation probe widens EmptyYesterday at 10:38 am by PurpleSkyz

» There Is a Vaccine Death Witness Protection Program???
Forex manipulation probe widens EmptyYesterday at 10:27 am by PurpleSkyz

» Plant-Based Eating 101: Everything You Need to Know
Forex manipulation probe widens EmptyYesterday at 12:44 am by PurpleSkyz

» Died Suddenly's - 01/30/23
Forex manipulation probe widens EmptyYesterday at 12:39 am by PurpleSkyz

» Study of 500,000 Medical Records Links Viruses to Alzheimer's Again And Again
Forex manipulation probe widens EmptyYesterday at 12:25 am by PurpleSkyz

» Davos Reset
Forex manipulation probe widens EmptyYesterday at 12:18 am by PurpleSkyz

» Hanoi Jane Says Racism To Blame For ‘Climate Crisis
Forex manipulation probe widens EmptyYesterday at 12:15 am by PurpleSkyz

» We Have Our Own Code Now! Z28.310 – The code designated for the Unvaccinated
Forex manipulation probe widens EmptyYesterday at 12:07 am by PurpleSkyz

» Massive Fire Sweeps Egg Farm, 16 Fire Departments Needed to Contain It
Forex manipulation probe widens EmptyYesterday at 12:01 am by PurpleSkyz

» Feds prosecute Utah doctor who dumped out mRNA shots and worked with parents to free kids from vax mandates
Forex manipulation probe widens EmptySun Jan 29, 2023 3:49 pm by Kcantrell

»  Medicinal plants: five herbs that can help boost respiratory health
Forex manipulation probe widens EmptySun Jan 29, 2023 2:03 pm by PurpleSkyz

»  You Are Not Sick. You Are Being POISONED
Forex manipulation probe widens EmptySun Jan 29, 2023 12:07 pm by PurpleSkyz

» Mysterious whiting events in the ocean have scientists baffled
Forex manipulation probe widens EmptySun Jan 29, 2023 11:58 am by PurpleSkyz

» Watch: Damar Hamlin Makes First Remarks on Video Since Suffering Cardiac Arrest
Forex manipulation probe widens EmptySun Jan 29, 2023 11:41 am by PurpleSkyz

» Observations on the Paul Pelosi/David DePape Videos – What Looks Weird and What’s Missing?
Forex manipulation probe widens EmptySun Jan 29, 2023 11:35 am by PurpleSkyz

» Take Action Now: Demand Accountability for COVID-19 Wrongdoing In Your State!
Forex manipulation probe widens EmptySun Jan 29, 2023 11:27 am by PurpleSkyz

» Eerily Perfect Galaxy-Shaped Spiral Appears over Hawaii. What is it?
Forex manipulation probe widens EmptySun Jan 29, 2023 2:17 am by PurpleSkyz

» Book of Enoch Explained
Forex manipulation probe widens EmptySun Jan 29, 2023 2:12 am by PurpleSkyz

» Max Igan - Freedom Moon Rising
Forex manipulation probe widens EmptySun Jan 29, 2023 1:59 am by PurpleSkyz

» WE TOLD YOU SO!!!
Forex manipulation probe widens EmptySun Jan 29, 2023 1:41 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » Forex manipulation probe widens

Forex manipulation probe widens

Go down  Message [Page 1 of 1]

1Forex manipulation probe widens Empty Forex manipulation probe widens Thu Nov 14, 2013 7:50 am

PurpleSkyz

PurpleSkyz
Admin

Forex manipulation probe widens
Updated at 1:12 pm on 14 November 2013
Fresh from the Libor scandal, a global investigation into alleged currency market manipulation has been expanded to include 15 of the world's biggest banks.
Authorities allege currency traders may have shared information amongst themselves before they shared it with their clients.
It follows the Libor investigation where several global banks were found to have illegally fixed interest rates, which affect a vast arrange of financial products including mortgages.
The currency investigation is being conducted by 7 different country regulators, led by the UK.
The BBC reports that public distrust of banks is rising, because people are speculating that the original manipulation of Libor rates may not have been a one-off, incident, but part of a pattern of behaviour in other trading.
The probe now includes euro-dollar trading, the biggest part of the market.
Last month Britain's Financial Conduct Authority (FCA) said it was examining whether traders had colluded.
Regulators in Switzerland, Hong Kong and the US are also involved.
The global foreign exchange market is worth more than $US5 trillion a day, and London is the most important hub, accounting for about 40% of all foreign-exchange trading.
Several banks have confirmed that they are co-operating with the investigation, including Royal Bank of Scotland, JP Morgan Chase, Citigroup and Barclays.
Earlier this month Barclays suspended six traders as part of a probe into suggestions that currency markets could have been rigged.
Suspicions of exchange rate manipulation centre on a one-minute window of trading at 16:00 every day that is used to set exchange rates.
The suggestion is that traders colluded to push through high volumes of trades in the run-up to and during the window to influence rates.
Last month Royal Bank of Scotland (RBS) suspended two traders in connection with the investigation into the currency markets.

Thanks to: http://www.radionz.co.nz
http://lucas2012infos.wordpress.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum