More: Currency Market Unsettled by Trader Exits on Lawsky Probe - Bloomberg Traders are the people who largely determine currency exchange rates in a multi-trillion-dollar worldwide marketplace. There was a big scandal in 2012 in the UK over LIBOR price-fixing (London interbank loan rates), which are a benchmark for …
NY regulator suspects price fixing, collusion among traders
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The financial regulations being written in such a way to allow banks to rig rates was the real conspiracy!
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The LIBOR Scandal
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