Federal Reserve Board seeks to fine and bar Barclays banker over FX manipulation
The Federal Reserve Board is looking to fine and permanently bar former Barclays employee Peter Little over manipulation in the currency market. Little, the former head of Barclays' foreign exchange spot trading desk in New York, is "alleged to have engaged in unsafe and unsound practices by using electronic chat rooms to coordinate with traders and competitor banks to influence FX pricing benchmarks," the Fed said in a statement on Friday. Little is also being accused of failing to supervise his subordinates. Читать дальше...