Deutsche Bank Is Said To Fire 3 Currency Traders In New York

wochit business
February 05, 2014 AT 11:38 AM
Deutsche Bank has fired three currency traders in New York as regulators worldwide ramp up their investigations into potential manipulation of the $5-trillion-a-day foreign exchange market. The three employees include the head of Deutsche Bank’s emerging markets foreign exchange trading desk in New York and two traders. Deutsche Bank, the largest trader of currencies, with about 15.2 percent of the market, placed several traders in New York on leave in January. The bank declined to comment on Wednesday, citing its policy not to discuss individual employees.