New York Banking Regulator Probing Barclays, Deutsche Bank’s FX Algorithm

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

New York Banking Regulator Probing Barclays, Deutsche Bank’s FX Algorithm

(Reuters) – The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters. Benjamin Lawsky, the head of New York’s Department of Financial Services (DFS), has ordered a monitor to be installed at…

Latest News

Stocks

Here’s Why IBM Stock is on the Move

Dave Kovaleski2 days

IBM stock was up some 6% Thursday after a solid Q2 earnings report Big Blue was in the black on Thursday as IBM (NYSE:IBM) stock rose more than 6% after...