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ASX boss in surprise exit over police probe

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Elmer Funke Kupper has resigned with immediate effect as managing director and chief executive of the Australian Securities Exchange (ASX), to focus on an Australian Federal Police (AFP) investigation into his previous employer.

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Currency lawsuit narrowed down to seven banks

The U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank, Morgan Stanley, and five other large banks that have yet to settle.