U.S. ‘Aggressively’ Probing Possible Currency Rigging
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The U.S. Justice Department is “aggressively investigating” possible manipulation of foreign exchange rates by a number of banks, Deputy Attorney General James Cole said.
Cole made the remarks today in a speech to compliance officers and investigators at a money-laundering enforcement conference in Washington, where he touted the department’s investigation of manipulation of the London interbank offered rate, or Libor, the benchmark interest rate for more than $360 trillion of securities worldwide.