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UK: Standard Chartered senior trader resigns amid forex rigging probes

By  |  March 26, 2014

As authorities throughout the globe continue their investigations into allegations of foreign exchange market manipulation, reports say one trader at Standard Chartered has resigned from his position after being put on leave last year in part of the investigations.

Senior trader Matt Gardiner was put on leave by UK bank Standard Chartered last October, along with 24 other traders at various banks. Gardiner, who also worked at Swiss bank UBS for two years, has now resigned, sources say, though it was unclear whether his resignation is connected to the forex probes.

The US Department of Justice, the UK Financial Conduct Authority and regulators in other nations throughout the world are investigating the allegations at some of the world’s largest banks.

Full Content: International Business Times

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