New York regulators have found evidence that Barclays Plc (BARC) and Deutsche Bank AG (DBK) may have used algorithms on their trading platforms to manipulate foreign-exchange rates, a person with knowledge of the investigation said.
An influential industry body for the global derivatives market has elected a senior Société Générale banker as its new chairman.
CME Group Inc fined Igor Oystacher $150,000 for trying to manipulate oil and metals markets.
The Fed has way too much on its plate — it’s monetary-policy meddler, lender of last resort, and bank regulator all at once – which means that it is unlikely to do any of its job well.
The Federal Reserve is watching carefully as financial markets bounce around, but the likely course of monetary policy remains the same, officials have said in recent public comments and interviews.