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March 11, 2014 AT 2:53 PM
Mark Carney, The Bank of England’s governor, said the banks reputation is at stake as independent directors conduct a review into whether officials knew of or condoned potential manipulation of the currency markets. Last week, the central bank suspended one of its employees after a series of investigations by regulators in Britain, the United States and elsewhere into whether currency traders colluded to manipulate the $5 trillion-a-day foreign exchange markets.