Lawsky Said to Seek Forex Monitors at Deutsche, Barclays
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New York’s banking regulator is pressing to put monitors in place at Deutsche Bank AG and Barclays Plc as part of an investigation into whether traders manipulated benchmark currency rates, a person briefed on the matter said.
Benjamin Lawsky, superintendent of New York’s Department of Financial Services, contacted lawyers for the banks about his plan following an initial review of the possible manipulation, said the person, who asked not to be named because the investigation isn’t public.