New York won't settle with Barclays soon over forex algorithms

"There are two options: You can do a settlement in May with a carveout, or you can do a settlement later without a carveout," Benjamin Lawsky, superintendent of New York's Department of Financial Services said. Barclays is among a handful of banks expected to come to terms in the coming weeks with the U.S. Department of Justice and other authorities over the manipulation of foreign exchange rates.

via Business News http://ift.tt/1IC7wpo