
Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported on Thursday. Quoting a person familiar with the matter, the newspaper said that the director of sales at Deutsche Bank in London was placed on leave last month after the German bank found what it regarded to be inappropriate communication between her and the central bank of Singapore. Responding to the report, a Deutsche Bank spokeswoman said: "Deutsche Bank has received requests for information from regulatory authorities that are investigating trading in the foreign exchange market. "The bank is cooperating with those investigations, and will take disciplinary action with regards to individuals if merited." For its part, the Monetary Authority of Singapore (MAS) said: "MAS has been in contact with foreign regulators and stands ready to assist in the forex investigations. We have been in touch with financial institutions, including Deutsche Bank, on these investigations. MAS is looking into all allegations of inappropriate behaviour." According to German media reports in January, Deutsche Bank, one of the biggest currency traders in the world, already suspended "at least one" currency trader -- based in New York and trading in Argentine pesos -- on suspicion of possible rigging of forex reference rates.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEO
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor