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November 15, 2013

U.S. Probes Potential Currency Manipulation by Traders at Big Banks 
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In the latest potential financial scandal, the United States is
investigating the actions of a group of traders at the world's largest
banks. Nicknamed "the cartel," the traders allegedly shared information
in online chat rooms in a bid to manipulate the price of foreign
currencies. Attorney General Eric Holder told The New York Times, "The
manipulation we've seen so far may be just the tip of the iceberg."

 

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