Sunday, February 23, 2014

Banks struggle to fill staff gaps in forex rigging row

Chief dealers and traders at major Forex banks have been fired and otherwise left their jobs, leaving a void for banks to fill:

LONDON: A void is appearing in the upper reaches of the world's biggest and most powerful financial market as banks struggle to replace currency traders suspended or fired during a global investigation into allegations of foreign exchange rate-rigging. 
Recruitment firms and sources at some of the banks at the centre of the probe say there is huge reluctance to hire externally because replacements could be tainted by allegations of collusion themselves. 
That leaves managers wit .. 
Read more at: