Showing posts with label Foreign exchange market. Show all posts
Showing posts with label Foreign exchange market. Show all posts

Saturday, March 15, 2014

An insider and former head trader for a top banking firm issued a warning that 'hit squads' have been made active in the Wall Street area

Keep calm and kill a banker
Courtesy of keepcalm-o-matic.co.uk
Kenneth Schortgen Jr
February 5, 2014
Within the past few weeks, at least three high level bankers and one financial journalist have either died due to mysterious circumstances that officials have quickly labeled as 'suicides', or disappeared without a trace. With little information to go on from most public sources, several outside investigators have questioned the timing and reasons why these individuals have suddenly died, or been killed off, and are continuing to seek answers.
However, on Feb. 5, an insider and former head trader for a top banking firm issued a warning that new information is out which shows that 'hit squads' have been made active in the Wall Street area, and that a high level banker tied to recent investigations into Forex manipulation, along with up to three dozen others involved in scandals, are being targeted for potential assassination in light of their viability as witnesses and whistle blowers to federal and financial regulators.
Word on the "street" watch for a top level American bankster to expire. Hit teams are fully operational in Wall Street. (REDACTED) HIGHLY VISIBLE POWER BROKER- co-ordinating. Speak to you soon. Please post this to warn sheep. V-UPDATE 9:24 AM MOUNTAIN-NEXT ON THE HIT LIST CITI EXECUTIVE TIED IN WITH FOREX FRAUD -HIT LIST HAS 3 DOZEN MORE NAMES-DESPERATE TIMES REQUIRE DESPERATE MEASURES IN THE WORLD OF MONETARY CONTROL! JPM can't hold yellow metal shorts on notional gold. LIBOR and derivative hits continue as bankster suddenly commit "suicide". 43 are on the knock off list and counting. The shock waves of this and many other scandals are creating turmoil everywhere. - V, Guerrilla Economist, Q Alerts
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Friday, February 21, 2014

RBS.L has suspended it's third financial trader since a global investigation into allegations of rigging reference exchange rates. It begs the question..... when do we see the Wall Street criminals being held accountable ?




RBS suspends FX trader, bringing total to three

LONDON Wed Feb 19, 2014 12:51pm GMT


A sign is seen outside a Royal Bank of Scotland building in central London January 28, 2014. REUTERS/Paul Hackett
A sign is seen outside a Royal Bank of Scotland building in central London January 28, 2014.
Credit: Reuters/Paul Hackett
(Reuters) - Royal Bank of Scotland (RBS.L) has suspended a senior currency trader in London, bringing to three the number of traders suspended by the bank since a global investigation into allegations of rigging reference exchange rates was launched last year.
Ian Drysdale was put on leave earlier this week and has now been suspended, a source familiar with the matter said.
This follows the suspension of Julian Munson and Paul Nash in October last year.
RBS declined to comment, and Drysdale could not be reached for comment.
On Tuesday RBS said it was reviewing rules on currency dealers trading with their own money.
The global probe into online communications between traders and allegations of manipulating benchmark currency rates known as "fixings" has seen more than 20 traders at many of the world's biggest banks put on leave, suspended or fired.


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Another RBS trader suspended over foreign exchange rigging probe

As many as 20 foreign exchange traders at a handful of banks are thought to have been suspended as regulators investigate
Royal Bank of Scotland
Royal Bank of Scotland has paid $275m to settle a class action suit relating to the way it sold mortgage-based securities in 2008. Photograph Facundo Arrizabalaga/EPA

Another currency trader at Royal Bank of Scotland has been suspended as regulators around the world continue their investigation into potential rigging of the £3tn a day foreign exchange market.
The bank would not comment on reports that Ian Drysdale had been placed on leave earlier in the week and was now suspended, becoming the third RBS forex trader to be suspended.
RBS is just one of a handful of banks suspending or firing traders amid allegations that Martin Wheatley, the chief executive of the Financial Conduct Authority, has said are every bit as bad as those about Libor, the benchmark interest rate.
As many as 20 foreign exchange traders are thought to have been asked to stay away from their roles in banks around the world as a result of the investigations which are thought to be at the early stages.
The 81% taxpayer-owned bank is also continuing to take hits to clean up past issues, with a $275m (£165m) payout on Wednesday to settle a class action suit relating to the way it sold mortgage-based securities during the 2008 banking crisis.


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Sunday, February 9, 2014

RBC Capital Market's Currency Trading Co-boss Graeme King Exits Amid FX Scandal






By | February 7, 2014 13:22 PM GMT
RBC Capital Market’s Co-Head of Currency Trading Graeme King Exits Amid FX Fixing Scandal
REUTERS

 
RBC Capital Markets' co-head of foreign exchange spot trading, Graeme King, has left the bank while a raft of global investigations into the suspected manipulation of currency markets goes on.
According to a Reuters report, King has already left the bank but there was no confirmed reason for his departure.
RBC's representatives were not available at the time of publication.
The daily $5tn (£3.1tn, €3.7tn) currency market is the largest in the financial system and is pegged to the value of funds, derivatives and financial products.
Morningstar estimates that $3.6tn in funds, including pension and savings accounts, track global indexes.
FX rates are calculated are compiled by using data from a variety of submitted provisions on a number of platforms, such as Thomson Reuters.


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