Barclays Pressed by New York’s Bank Regulator in FX Probe
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New York’s top banking regulator is once again putting the pressure on a foreign bank -- this time over its currency-trading practices.
Benjamin Lawsky, the head of New York’s Department of Financial Services, refused to join a group settlement announced yesterday by U.S. and European regulators, causing Barclays Plc to pull out at the last minute, according to a person familiar with the matter.