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New York bank regulator Lawsky opens currency trading probe: Source


(Reuters) — Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, according to a source familiar with the matter.

The source said Mr. Lawsky has asked for documents from Barclays P.L.C., Credit Suisse Group A.G., Deutsche Bank A.G., Goldman Sachs Group Inc., Lloyds Banking Group P.L.C., Royal Bank of Scotland Group P.L.C., Société Generale S.A. and Standard Chtd.

The investigation adds another name to the list of regulators and law enforcement offices around the world looking at whether traders at the largest banks unduly influenced currency fixes, front-run large customer orders and engaged in other manipulative practices.