GO
Loading...

NY probing banks for possible forex manipulation

More than a dozen banks are being probed by the New York Department of Financial Services regarding possible manipulation in the foreign exchange markets, according to a source close to Benjamin Lawsky, a top financial regulator.

The banks, which all have their state charters in New York, include Goldman Sachs, Deutsche Bank, Credit Suisse, RBS, Societe Generale and Standard Charter.

The source could not comment on whether the NY Department of Financial Services was working in tandem with other U.S regulators.

—Written by CNBC's Katie Little. Reported by CNBC's Mary Thompson

Banks

  • Richard Kovacevich in 2007.

    There were only 20 banks that caused the crisis, and "they're all gone," former Wells Fargo CEO Dick Kovacevich told CNBC.

  • How much the banking industry has changed since the collapse of Lehman Brothers, with Richard Kovacevich, Wells Fargo former chairman and CEO.

  • How much of a game changer is Apple Pay? Max Wolff, Manhattan Venture Partners chief economist, and Hans Morris NYCA, discuss the mobile pay ecosystem and why Apple Pay will succeed where others failed.