JPMorgan has suspended a foreign-exchange trader over allegations of wrongdoing related to his work at Royal Bank of Scotland, according to a person with knowledge of the decision.
Bloomberg News reports that London-based currency dealer was suspended last week, according to the person, who asked not to be identified because the matter isn’t public.
The Wall Street Journal reported the suspension Wednesday, saying it related to passing confidential client information to traders at other firms. In particular, work converting European Union agricultural subsidy payments from euros into pounds raised concerns, the newspaper said, citing an unidentified person.
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JPMorgan Currency Trader Said to Be Suspended for Actions at RBS
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