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The article discusses earnings reports for the third quarter of 2014 from banking companies J. P. Morgan Chase & Co., Citigroup Inc., and Wells Fargo & Co., with a particular focus on the substantial amounts Morgan and Citigroup said they have set aside for anticipated legal expenses. Both Morgan and Citigroup face allegations that they manipulated foreign-exchange markets.

The article reports that on March 20, 2014 Great Britain's Financial Conduct Authority (FCA) fined Mark Stevenson, a former trader for banking company Credit Suisse AG, $1.1 million for having allegedly tried to manipulate the market for British government bonds. The FCA charged that Stevenson tried to sell the Bank of England over one-billion British pounds worth of bonds after having driven their prices up through vigorous trading.

The article reports that on March 5, 2014 the Bank of England suspended an employee amid an internal investigation into possible knowledge of or participation by bank staff in efforts to manipulate foreign-exchange markets. The bank said it had thus far found no evidence of wrongdoing. Of particular interest to investigators is the behavior by traders leading up to when benchmark foreign-exchange rates are set each trading afternoon.

The article presents developments in probes by several regulatory bodies including Great Britain's Financial Conduct Authority into possible manipulation of foreign-exchange markets. An internal investigation by banking company Barclays PLC is looking into whether the firm's salespeople may have been involved. In November 2013 semiconductor maker Simmtech Co. Ltd. sued Barclays and several other banks in connection with alleged manipulation.

The article reports that several large banks including Royal Bank of Scotland PLC, Standard Chartered PLC, and Citigroup Inc. have suspended over a dozen currency traders amid an investigation by regulators including Great Britain's Financial Conduct Authority into alleged rigging of foreign-exchange markets. Authorities have recovered transcripts of discussions among traders in online chat rooms that are suggestive of wrongdoing.

The article reports that in October 2013 Swiss markets regulator Finma said it is cooperating with authorities in other countries on an investigation into possible manipulation of foreign-exchange markets. The probe is said to focus on the daily simultaneous disclosure of exchange rates for multiple currencies. In June 2013 the British Financial Conduct Authority disclosed it was investigating the same issue.

The article reports on the extension of legislation aimed at regulating the London interbank offered rate (Libor) in Great Britain in 2014 to make the manipulation of financial benchmarks a criminal offense.

The article discusses currency market manipulation and the suspension of Kai Lew, a top saleswoman at Deutsche Bank AG, after communication between her and the Monetary Authority in Singapore was discovered and deemed inappropriate.

The article reports Bank of England governor Mark Carney testified in front of the British Parliament on March 11, 2014 concerning a probe of possible currency market manipulation and said the bank would appoint a new senior official to improve internal oversight and work with other central banks in investigating the matter.

The article examines a trend in the international banking industry in which executives involved in foreign exchange trading have either resigned, been dismissed or suspended as trading volume has declined and several countries have begun investigations of possible manipulation of foreign exchange markets.

The article looks at the international foreign exchange market as of December 2013, reporting on investigations underway by regulatory bodies from Great Britain, the U.S., and other countries of alleged collusion and exchange-rate manipulation by foreign-exchange traders in London, England.

The article discusses a request by the U.S. Commodity Futures Trading Commission (CFTC) to major currency-dealing banks, including Deutsche Bank AG and Citigroup Inc., to shift through traders' emails and other communications as part of a global probe into possible currency-market manipulation.

The article reports that an investigation by Great Britain's Financial Conduct Authority into the possible manipulation of currency markets is focusing on the behavior of J. P. Morgan Chase & Co. trader Richard Usher when he was with his previous employer, banking company Royal Bank of Scotland Group PLC. Of particular interest are efforts to influence a set of prices for various currencies posted each day.