NY bank regulator opens currency trading probe

Feb 05, 2014, 12:59 PM EST
People walk along Wall Street near the New York Stock Exchange on March 5, 2013 in New York City.
AFP/Getty Images

Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, including Goldman Sachs and Deutsche Bank. It was not clear when DFS, which regulates any bank national or foreign in the state, sent the request but banks are in various stages of responding to it, the Financial Times reports. 
Background
NY regulator opens currency probe [FT]
New York bank regulator Lawsky opens currency trading probe-source [Reuters]
Lawsky Said to Open Currency Probe of Over Dozen Banks [Bloomberg]

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