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Forex trading probes

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  • Friday, 21 January, 2022
    Cryptocurrencies
    Thailand’s Bitkub plans crypto expansion in SE Asia

    Chief plots push into region amid growing trading volumes during pandemic

  • Thursday, 2 December, 2021
    EU fines banks €344m in forex trading probe

    Final investigation found traders had used Sterling Lads chatroom to share information

  • Tuesday, 27 July, 2021
    HSBC accused of ‘blatant and indefensible’ forex fraud by ex-client

    Court hears closing arguments in 7-week trial between bank and currency manager ECU

  • Thursday, 8 July, 2021
    Financial services
    US regulator drops case against two former forex traders

    Richard Usher and Rohan Ramchandani had been acquitted on a criminal charge of price-fixing in 2018

  • Monday, 14 June, 2021
    HSBC Holdings PLC
    ‘Rotten culture’ pervaded HSBC forex desk, High Court trial hears

    Currency manager ECU Group accuses bank of fraud and misconduct in ‘disgraceful episode’

  • Friday, 12 March, 2021
    Citi heading to trial with forex trader

    New York judge rules lawsuit against bank alleging malicious prosecution is arguable in court

  • Monday, 23 November, 2020
    UK financial regulation
    Forex broker TFS-ICAP fined £3.4m for misleading clients

    FCA imposes penalty for encouraging trading with fake reports over 7-year period

  • Thursday, 30 January, 2020
    Markets
    FCA probes sterling spike ahead of UK interest rate decision

    Bank of England makes second referral in two months to financial regulator

  • Tuesday, 7 January, 2020
    Insider trading
    Former Goldman Sachs banker pleads guilty to insider trading

    US prosecutors case against Bryan Cohen outlined global ring reaping tens of millions

  • Wednesday, 11 December, 2019
    Banks face fresh collective action over forex manipulation

    Specialist litigation firm Hausfeld latest to launch suit on behalf of investors

  • Friday, 15 November, 2019
    Rohan Ramchandani
    Central bank trades prompted rival FX traders to share info

    Rohan Ramchandani tribunal hears central banks were ‘unprofessional’

  • Thursday, 12 September, 2019
    Banks
    Former HSBC forex chief Johnson loses appeal over US conviction

    Case revolved around $3.5bn transaction for energy group Cairn Energy

  • Thursday, 12 September, 2019
    Former HSBC trader’s fraud conviction upheld in US court
  • Monday, 29 July, 2019
    Five banks face civil lawsuit in London over forex dealing

    Case follows €1bn European fine for manipulating currency rates

  • Thursday, 6 June, 2019
    Swiss regulator to fine banks $91m over foreign exchange cartel

    Traders at Barclays, JPMorgan, Citi and RBS found to have rigged currency markets

  • Thursday, 16 May, 2019
    EU fines five banks €1bn over foreign exchange cartel

    Traders at RBS, Barclays, Citi, JPMorgan and MUFG used chat rooms to rig forex spot trading

  • Wednesday, 6 March, 2019
    Financial fraud
    UK’s poor record on corporate crime comes under attack

    Corruption report says companies breaking law in US more likely to be penalised

  • Tuesday, 22 January, 2019
    Lawyers for ex-HSBC trader attack ‘ever-shifting’ case

    New legal filings show US appeal will seek to have rate-rigging verdict overthrown

  • Monday, 26 November, 2018
    News in-depth
    Cleared British traders put US justice on trial

    Staff in London and elsewhere are vulnerable to legal forays, lawyers for trio warn

  • Friday, 26 October, 2018
    Bank traders acquitted in forex manipulation trial

    Price fixing case against London-based trio was brought by US prosecutors

  • Tuesday, 23 October, 2018
    Forex traders wrap up defence in price fixing trial

    Government’s star witness testified they did not think they were cheating anyone

  • Wednesday, 10 October, 2018
    Currencies
    Accused UK traders were only kidding, US jury told

    Prosecutors allege executives in London fixed prices in global foreign exchange market

  • Sunday, 7 October, 2018
    US & Canadian companies
    Forex scandal comes down to case against the ‘Cartel’

    Three British traders deny chatroom banter amounted to price fixing in US trial

  • Tuesday, 31 July, 2018
    Banks
    Former HSBC trader wins extradition appeal against US

    Stuart Scott was accused by US authorities of forex-rigging

  • Sunday, 29 July, 2018
    Currencies
    Barclays FX trader seeks to dismiss US charges over HP deal

    Lawyers argue bank had no ‘fiduciary’ duty to US tech group on Autonomy acquisition

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