NY state regulator fines Credit Suisse $135 mln over forex practices | Reuters

NEW YORK (Reuters) – Credit Suisse Group AG (CSGN.S) on Monday agreed to pay $135 million to New York to resolve a probe of misconduct in its foreign exchange business, which the state’s banking regulator said deceived customers to enhance its own profits. The Credit Suisse logo is seen at the headquarters in downtown Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini Credit Suisse traders improperly shared information to manipulate currency prices and benchmark rates, and took advantage of its electronic trading platform to trade ahead of known client orders, the New York State Department of Financial Services said.

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