Traders Manipulated Currency Rates To Profit Off Clients

Traders Manipulated Currency Rates To Profit Off Clients
NEW YORK, NY - JUNE 05: Traders work on the floor of the New York Stock Exchange (NYSE) on June 5, 2013 in New York City. As worries mount about the slowing economy, stocks fell sharply on Wednesday with the Dow Jones industrial average falling 217 points, or 1.4%. (Photo by Spencer Platt/Getty Images)
NEW YORK, NY - JUNE 05: Traders work on the floor of the New York Stock Exchange (NYSE) on June 5, 2013 in New York City. As worries mount about the slowing economy, stocks fell sharply on Wednesday with the Dow Jones industrial average falling 217 points, or 1.4%. (Photo by Spencer Platt/Getty Images)

Traders at some of the world's biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.

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