BoE suspends employee as part of FX probe

The Bank of England has suspended an employee as part of a probe into manipulation of the foreign exchange market.

The suspension comes in connection with a wider probe of the forex market, as currency traders face allegations they rigged market benchmarks. The Bank has been conducting an internal review into allegations its officials "condoned or were informed of manipulation in the FX market or the sharing of confidential client information." That review has encompassed 15,000 emails, 40 hours of telephone calls and 21,000 Bloomberg and Reuters chat room records to date, the Bank said. The BoE said it has found no evidence to date of staff colluding in FX market manipulation. However, it a...