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HSBC, Citigroup Said to Suspend Traders
As international probe into currency manipulation widens, the world's seven biggest FX dealers have all taken action against employees.
HSBC Holdings Plc, Europe’s biggest bank by market value, and Citigroup Inc. suspended four traders as the probe into the alleged manipulation of currencies widens.
HSBC suspended two London-based foreign-exchange (FX) traders, according to a statement today. Citigroup 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.
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