December 31, 2014 – BP Probes In-House Foreign Exchange Traders

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BP Probes In-House Foreign Exchange Traders – Financial Times (subscription)
BP is investigating whether in-house financial traders at the oil and gas group were involved in a foreign exchange manipulation scandal that has led regulators to levy $4.3 billion in fines on six banks.

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December 30, 2014 – The Cartel: How BP Used a Secret Chat Room for Insider Tips

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The Cartel: How BP Used a Secret Chat Room for Insider Tips – Bloomberg
Traders at BP regularly received valuable information from counterparts at some of the world’s biggest banks – including tips about forthcoming trades, details of confidential client business and discussions of stop-losses, the trigger points for a flurry of buying or selling – according to four traders with direct knowledge of the practice.
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December 29, 2014 – Bonuses of 18 RBS Employees on Hold Due to FX Review

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Bonuses of 18 RBS Employees on Hold Due to FX Review – Profit & Loss (subscription)
The Royal Bank of Scotland (RBS) has suspended the bonuses of 18 individuals pending the outcome of its review into the failings of its foreign exchange business, as per the UK regulatory watchdog’s instruction.

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