The FX fixing scandal

New allegations suggest that key benchmark rates have been manipulated in the foreign-exchange (FX) markets. Are traders gaming the system? Matthew Partridge reports.

What happened?

World regulators are examining allegations that bank traders colluded to manipulate key benchmark rates in the foreign-exchange markets. At least eight banks, including RBS and Barclays, are being formally investigated or are carrying out their own internal investigations. Several traders have been suspended or put on leave.

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