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FX dealing in the spotlight

Six major banks have been fined more than $4bn by regulators who have punished them for their role in a foreign exchange rate-rigging scandal that once again has called into question the integrity of global financial markets

BoE in money-market fraud probe

SFO examines results of inquiry into crisis liquidity auctions

In defence of BoE cosy fireside chats

The Bank of England cannot manage markets while standing aloof

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Explore the 33 traders and staff who so far have been suspended, placed on leave or fired amid regulatory investigations that started in 2013
– Graphic
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Patrick Jenkins talks to ACI president Marshall Bailey about how best to reform the industry in the wake of the recent trading scandal and the record settlement reached by big banks.
– Podcast

Carney rejects criticism of forex probe

BoE governor disagrees with claims that investigation too narrow

BoE knocked over forex inquiry

Treasury committee member commissions critical legal opinion

US probe delays Barclays FX settlement

Bank looks to resolve agencies’ allegations in a single deal

Minouche Shafik, Deputy Governor of the Bank of England.
©Charlie Bibby

Bank of England banishes ‘fireside chats’

Central bank overhauls City dealings in transparency drive

BNYMellon restates profit on $598m charge

New provision suggests bank is heading for forex settlement

Banks falling behind in forex reforms

Watchdog warns more regulation may be needed to force change

US widens forex trading probe

DoJ looks into disclosures over Barclays’ and UBS’s products

BoE report into forex-rigging cost £3m

Bank says Lord Grabiner QC was paid over £400,000 for inquiry

BoE to reveal forex inquiry report fees

Barrister accuses MPs of wrongly interpreting part of report

RBS forex trader named in court records

Nash, who has yet to be charged, was arrested before Christmas

JPMorgan settles forex manipulation suit

Agreement to pay about $100m puts pressure on rivals to follow suit

BP probes in-house forex traders

Group investigates possible involvement in alleged manipulation

Ex-RBS trader arrested in forex probe

Move by SFO marks acceleration of global investigation

Hong Kong clears banks in forex probe

No evidence of collusion found among 10 lenders

NY investigates banks’ forex algorithms

Regulator probes possible systemic issue at Barclays and Deutsche

HSBC fires European head of currency trading

Departure of Stuart Scott comes in wake of bank’s forex settlement

UK watchdog to review soaring fines

FCA reconsiders sanctions regime after record penalties

More must be done on bank conduct

Some hope is being pinned on the UK’s fair and effective markets review

Goldman Sachs forex trader leaves bank

Frank Cahill was allegedly involved in misconduct while at HSBC

Forex body looks at regulatory prospects

ACI’s Bailey accepts argument for phased-in exchange-trading

City bullyboys are as boorish as ever

The chatroom banter of the forex traders shows little has changed in the banking culture

European banks wake up to US-sized fines

Critics say the Americans are unfairly targeting European banks but this argument is paranoia

Forex banks prepare to claw back bonuses

Millions of dollars could be reclaimed from traders

rows and rows of decreasing numbers and "sell" words on a computer display representing a stockmarket crash.
©iStock

Mr Nobody is to blame in forex probe

Fix betrays what senior bankers think about reform

Challenger banks will face challenges

Investors right to exercise caution that saw Virgin Money price at 1.2 times book value

US and Brussels target 12 banks on forex

DoJ and European regulators launch probe despite $4.3bn settlement

Barclays shareholders wanted forex deal

Investors say bank should have joined group settlement

Swiss investigate individuals in forex case

New front opens in the banking scandal

Forex traders at heart of ‘Cartel’

Transcripts give insight into powerful group at centre of probe

No end in sight to a rotten culture

Size of fines less stunning than scale of conspiracy

BoE dismisses chief forex trader

Martin Mallett fired for separate ‘serious misconduct’

Be wary of the consensus on euro

General view is the currency is going down against dollar

Rigging scandal costs six banks $4.3bn

Total forex payouts catching up on Libor settlements

Fines carry strong echo of Libor scandal

Heavy penalties as banks have failed to learn lessons

Forex rigging merits tough penalties

Bankers who manipulate markets deserve to face criminal sanctions

Forex fines: X-rated

The markets greeted the fines with indifference. Don’t be fooled

Trio of banks fined $950m by US regulator

BofA, Citi and JPMorgan had ‘unsafe’ forex trading practices

Scandal that taints whole forex market

Compliance departments are being properly intrusive, writes Philip Augar

ABOUT LIBOR

Libor explained What is the London interbank offered rate and how did things go wrong?

The FT explains Libor and its role in the banking system with exclusive stories, commentary and analysis

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