March 10th, 2014, 9:47 am
More than 25 FX Dealers including Heads of Dept, 'resigned', suspended or fired in past two months. No one has yet been charged with any wrongdoing, but last year's international investigation into Libor manipulation saw 10 financial firms fined $6 billion and 13 individuals charged. Martin Wheatley, chief executive of Britain's financial watchdog, said last month that the allegations in the FX probe were "every bit as bad" as Libor, but warned that it would likely be next year before he is able to publish the findings of his review.I know this may be a bit close to home but has anyone seen any sort of research trying to dimension the size of potential damages / fines vis a vis banks and this latest own goal yet ?