The foreign exchange manipulation scandal involving major global banks demonstrates that at their core, currency conversions are not merely operational processes. They are significant drivers of value ...

The multi-billion dollar fines handed out by a group of international regulators to banks because of their traders’ collaborative efforts to manipulate the 4pm London fix have prompted yet another ...

British regulators are closing in on a settlement in their currency-rigging probe that will yield bigger penalties for more banks in less than half the time spent investigating Libor. The Financial ...