“Allegations of foreign exchange rate-fixing at major banks are "every bit as bad" as the Libor scandal, the boss of the UK's financial regulator has said.
Martin Wheatley, the head of the Financial Conduct Authority (FCA), told MPs that 10 banks were now helping with its investigation.
Traders are alleged to have colluded in setting certain key exchange rates in the £3bn-a-day forex market.”
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