LATEST

Ex-UBS trader banned for currency rigging

English money

The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.

UBS could be in a spot of bother

Statue Of Liberty

The U.S. Justice Department is set to rip up its agreement not to prosecute UBS for rigging benchmark interest rates, according to a person familiar with the matter, taking a new step to hold banks accountable for repeat offences.

Citigroup increases FX trading fees

Stacks Of Coins

Citigroup, the largest provider of prime-brokerage services to firms trading currencies, is using that size to extract higher fees from clients, according to people familiar with the firm’s pricing.

HOT LIST

FEATURED

English money

Ex-UBS trader banned for currency rigging

The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.