Exclusive: Deutsche Bank suspends currency trader

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Competition Policy International (CPI) is an independent knowledge-sharing organization focused on the diffusion of the most relevant antitrust information and content worldwide. Deutsche Bank Suspends Traders Suspected Of Forex Rigging. By. Mani - Jan 15, 2014, 10:08 am. Deutsche Bank AG (NYSE:DB) (ETR:DBK) suspended several traders for suspected attempts to manipulate benchmark foreign exchange rates. Citing people familiar with the matter, Germany daily Die Welt reported that at least one trader who worked in New York and traded in Argentine pesos had been suspended ... Deutsche Bank suspends traders amid global forex probe January 16, 2014 " The global investigation into the manipulation of foreign exchange markets intensified on Wednesday when Deutsche Bank , the world’s largest forex trader, became the latest bank to suspend several of its employees. More than 30 foreign exchange traders worldwide have been suspended as part of the probes. Commerzbank's local rival Deutsche Bank, the world's largest forex trading bank, has suspended several currency traders in North and South America. Deutsche Bank AG DB, +4.63% suspended a currency trader in connection with suspicion of manipulation, German daily Die Welt reported Wednesday, citing people close to the investigation. Deutsche Bank has suspended the head of its emerging markets foreign exchange trading desk in New York in connection with ongoing investigations into the alleged manipulation of the global ... Deutsche, the world’s most powerful bank in foreign exchange trading, put several middle-ranking traders in New York and other locations in the Americas on leave late last year, people close to ... Deutsche Bank suspends several traders Investigation into the suspected manipulation of the foreign exchange market Wed, Jan 15, 2014, 18:04 Updated: Wed, Jan 15, 2014, 18:05 Deutsche Bank spokesman Sebastian Howell said the bank does not comment on individual staff. Global financial regulators are looking into allegations that traders at some of the world's biggest banks, including Deutsche Bank, colluded to manipulate benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, or the so-called WM/Reuters "fix". Deutsche Bank has suspended several traders amid a series of investigations into potential manipulation of the $US5-trillion-a-day foreign exchange market, according ...

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