Lloyds suspends forex trader

Bowler Hat

Lloyds Banking Group has suspended one of its foreign exchange traders after an internal investigation into allegations of currency manipulation, a source familiar with the matter said on Tuesday.

Reuters reports that the suspension of the trader marks the first time the partly state-owned British bank has been linked with alleged currency manipulation, although the source said the trader had not been accused of any wrongdoing.

Allegations of manipulation in forex rates are the subject of investigations by authorities around the world, dragging in many of the world's biggest banks and currency market participants, including UBS, Deutsche Bank, JPMorgan and Citigroup, where traders have either been suspended, put on leave or fired.

To access the complete Reuters article hit the link below:

Lloyds suspends FX trader as investigation deepens

UK government less than halfway through spending cuts - IFS 

image: © gabaus

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts