©Dreamstime

FX dealing in the spotlight

Authorities in Switzerland, the UK, Hong Kong and the US are investigating whether some of the biggest banks in the world rigged the foreign exchange market. There are concerns that these new regulatory probes will find practices or patterns similar to the Libor rigging scandal

S Korea probes banks over rates collusion

Investigation comes amid rising regulatory scrutiny globally

Singapore must keep its reform edge

Island-state must stay on its guard to keep its regional edge

Multimedia

Explore the 30 traders and staff who so far have been suspended, placed on leave or fired amid regulatory investigations that started in 2013
– Graphic
Banking weekly
Patrick Jenkins is joined by Daniel Schäfer to discuss the growing number of banks suspending staff over alleged foreign exchange manipulation
– Podcast

Bankers brace for a brave new world

BofA settlement closes a chapter in history of the crisis

Barclays in second client money probe

Bank risks being hit with another penalty

Deutsche co-chief set for court fight

Jürgen Fitschen braced to be charged over media empire civil case

Prosecuting bankers would be a start

A mix of regulations and litigation is needed in the sector

HSBC braced for fresh wave of PPI costs

Lenders’ total mis-selling bill rises to £23bn

RBS curbs its exposure to Russia

Bank says lending down £100m in first half of year

Barclays revamp remains work in progress

Investors welcome signs cost cuts and restructuring are working

SFO gears up for forex trading probe

Launch could come before end of month

Financial watchdog warns of more fines

Wheatley notes industry’s capacity to ‘surprise with bad conduct’

A utility for foreign exchange trading

FSB idea could help draw a line under forex scandal

Regulators push for wider forex fix time

One of 15 proposals by FSB to overhaul market

FCA squeezes life from payday lending

Capping spiralling interest charges will not boost competition

Interactive: the forex inquiry network

US offers immunity to forex traders

DoJ hopes London staff will swap information for protection

Compliance cannot save forex from red tape

Libor scandal has turned a spotlight on benchmark rigging

Barclays chairman warns on FX regulation

Sir David Walker calls for fine-tuning rather than draconian reform

Banks speed up shift to forex automation

Drive to slash costs and reduce risk of further scandals

Citi forex head Feig joins exodus

Departure comes shortly after that of Anil Prasad

Bank of England adds 581 to payroll

Staff headcount rises 30% over the past two years

Osborne to toughen rules on market abuse

Plans to make forex and other manipulation a criminal offence

Deutsche Bank warns on forex probes

Lender says financial exposure could be ‘material’

Osborne plans tougher forex oversight

Chancellor set to propose reforms for financial benchmarks

Commerzbank suspends 2 currency traders

Bank finds evidence of attempts to control euro and Polish zloty

BaFin advances twinning of finance hubs

Forex scandal likely to follow same arc as the Libor probes

Germany finds evidence of forex rate-fixing

Brussels charges three more over cartel

BaFin finds forex manipulation evidence

German regulator is first to confirm it has spotted wrongdoing

Deutsche Bank uses video to lash traders

Investment bank co-head ‘has lost patience’ with boasting and vulgarity

Two arrested in Australia forex probe

Police have charged a government employee and a banker

Big banks dominate forex league table

Market share of top five rose above 60 per cent

Fixnetix buys back 25% stake from ICE

Move kicks off plan to dismantle much of NYSE IT business

Deutsche resigns gold price-fix seat

Bank fails to find buyers as regulatory concerns deter interest

DoJ raises stakes in forex probe

Prosecutors fly to London to question traders

Singapore central bank link in FX probe

Deutsche employee suspended over MAS communication

Forex chiefs gather to fight regulation

Senior foreign exchange market executives seek to drive change

Bank disputes spur rise in court cases

Study shows cases rose to 1,353 in 2013 against 1,167 in 2012

Banks are stepping up the move away from archaic voice trading structures that are at the centre of forex probes
©Colin Beere

Automation gets fillip from forex rigging allegations

Buying and selling currencies over the phone is coming under renewed pressure

Finance briefing: Foreign exchange market and why it matters

The impact of rate rigging

The US class action lawsuit just preceded the Swiss competition regulator saying it had found signs of illegal activity
©Nick Lowndes

Joint lawsuit filed over forex claims

US investors have begun proceedings over alleged price rigging

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