HSBC, Citigroup Said to Suspend Traders on Currency Probe
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The world’s seven biggest currency traders have fired, suspended or put employees on leave as officials probe alleged foreign-exchange benchmark manipulation.
HSBC Holdings Plc suspended two London-based foreign-exchange traders, according to a statement yesterday. Citigroup Inc. put two spot traders who specialized in G-10 currencies on leave, according to a person with knowledge of the matter who asked not to be identified because the matter is private.