Barclays 'suspends six currency traders' in FX probe

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Barclays has reportedly suspended six traders as part of an internal investigation into alleged price fixing within foreign exchange markets.

The bank suspended the group, which includes its chief currency trader, in the last 24 hours, according to a report by the Financial Times. None are thought to have been formally accused of wrongdoing. In its Q3 results, released on Wednesday, the bank said it is co-operating with the regulator in regards to its foreign exchange trading activities. "Various regulatory and enforcement authorities have indicated they are investigating foreign exchange trading, including possible attempts to manipulate certain benchmark currency exchange rates," Barclays said. "The investigations a...

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