Britain’s central bank became embroiled in the escalating foreign exchange scandal after it suspended a member of staff and launched a new investigation into allegations that its officials condoned or were aware of market manipulation.
The move is the latest twist in the global probe into the $5.3tn-a-day forex industry, the largest financial market in the world.
At least a dozen authorities across the US, Europe and Asia are conducting or assisting investigations into whether traders colluded to rig crucial price benchmarks. The scandal has prompted the suspension or dismissal of 22 traders at nine banks.
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