fx

Andrea Leadsom said traders involved in financial corruption cases need lengthy prison sentences.

JPM, HSBC, RBS, UBS and Citi were hit with fines related to currency market manipulation.

Britain and the US have already a raft of active cases against traders implicated in the scandal

The investment bank announced the extra fines hours after five other banks were fined

The Fed confirmed that it is working closely with the Department of Justice and others in its probe

The Governor insisted that nobody at the BoE was aware of 'improper or unlawful FX dealing'

Citibank, HSBC, JPMorgan, RBS, and UBS were fined while Barclays remains under investigation by FCA

US CFTC and OCC are set to join the UK's FCA in announcing settlements

Largest bank in the US is under scrutiny for alleged currency market manipulation.

Meanwhile Barclays pre-tax profits rose to £3.72bn in the first nine months of the year

FTSE trading slightly higher and pound up against major currencies on day of Scotland's referendum.

Boakes has 13 alleged offences relating to an unauthorised investment scheme

It's important to shine a spotlight on the victims of financial scandals that continue to go unheard

The Serious Fraud Office finally confirms the its probe into the $5tn a day market

The Serious Fraud Office is tipped to be opening an investigation

DoJ is allegedly asking bankers and clients how much sales teams charge customers to exchange currency

Autonomous Research claims compensation, settlement and legal costs could run into several billion dollars.

Markets mull over the identity of the trader, which is tipped to be Martin Chantree

However, the Serious Fraud Office has not yet launched a criminal investigation

UK Chancellor George Osborne and BoE Governor Mark Carney express need to clean-up markets

Unlike stocks, futures or options, currency trading does not take place on a regulated exchange

The German bank is under investigation and is conducting an internal review

The Department of Justice has gone to Britain's capital to question individuals over alleged FX rigging activities

Several banks ordered to carry out reviews of forex operations amid growing concern over currency market rigging.

RBS, Barclays, UBS, JPMorgan, Citigroup, Credit Suisse, Julius Baer and Zurich Cantonal Bank being probed.

Cho's exit from Goldman Sachs comes as global forex market put under intensifying scrutiny by global regulators.

Bloomberg reports Citigroup's Rohan Ramchandani, JPMorgan's Richard Usher and Standard Chartered's Matt Gardiner on leave but not suspended.