Citi, Goldman FX Heads Leaving In "Entirely Unrelated To FX Probe …
When Reuters reported earlier today that Anil Prasad, the global head of foreign exchange at Citigroup, the world’s second largest currency trader, is leaving the bank, our ears perked up. The reason is the news overnight that according to the British financial watchdog, Martin Wheatley, the allegations for FX manipulation, “are every bit as bad as they have been with Libor” which supposedly means they are taking them seriously. Could this departure have anything to do with a probe that has already snared head FX trades at JPM, Deutsche and countless other banks? Well, Reuters promptly clarified that Prasad’s departure is not related to the global investigation into allegations of currency market manipulation, a source familiar with the matter said. “Anil’s decision is his own and entirely …
The reason is the news overnight that according to the British financial watchdog, Martin Wheatley, the allegations for FX manipulation, "are every bit as bad as they have been with Libor" which supposedly means they are …
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Citi, Goldman FX Heads Leaving In "Entirely Unrelated To FX Probe …
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