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UK: Barclays becomes latest to confirm forex probe involvement

 |  October 30, 2013

London-based lender Barclays confirmed Wednesday that it is part of an ongoing investigation into the world’s foreign exchange market over alleged manipulation of benchmark rates, say reports.

Barclays announced at a third-quarter earnings report that it has been asked to provide information regarding the case and said it is cooperating fully with authorities.

Further, Barclays said it is conducting its own internal investigation into the matter.

Barclays did not say which authorities have approached the bank requesting information; regulators in the US, UK and other nations are conducting probes.

Full content: USA Today

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