Regulators are investigating allegations that dealers colluded and manipulated key reference rates in the $5.3 trillion-a-day foreign currency market, which is the world's biggest and least regulated. Bank of America said it was in advanced discussions with U.S. The bank said in a filing it was being investigated by government authorities in North America, Europe and Asia but did not disclose which regulators it was in talks with. JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), HSBC Holdings Plc (HSBA.L), Royal Bank of Scotland Group Plc (RBS.L), UBS AG (UBSN.VX) and Deutsche Bank AG (DBKGn.DE) have all said that they are either setting aside more money or have raised their estimate for potential foreign exchange settlements.
via Business News http://ift.tt/1psu73a
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