HSBC Holdings Plc, Europe's biggest bank by market value, andCitigroup 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 whospecialized in G-10 currencies on leave, according to a person withknowledge of the matter who asked not to be identified because thematter is private.
The moves bring the total number of traders known to be fired,suspended or put on leave to at least 17 since Bloomberg Newsreported in June that employees at some firms said they sharedinformation about their positions with counterparts at other banksto try and manipulate the WM/Reuters rates, a key benchmark in the$5.3 trillion-a-day currency market.
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