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Forex rigging turns major banks into felons
For the banks, it's likely to carry more symbolic shame than practical problems
Add BT as a preferred sourcePublished Fri, May 22, 2015 · 09:50 PM
New York
FOR the world's biggest banks, what seemed like the perfect business turned out to be the perfect breeding ground for crime.
The trading of foreign currencies promised substantial revenues and relatively low risk. It was the kind of activity that banks were supposed to expand after the 2008 financial crisis.
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