Thank you all, who share in the global dialogue for increased awareness, emergency preparedness and creative problem solving.
The largest U.S. bank by assets said the investigations focus on its spot foreign-exchange trading activities and controls related to those activities.
Also, recall that U.S. Treasury Secretary Jacob J. Lew urged G-20 Nations to Avoid Competitive Devaluations 3 weeks ago…
Lew singled out China, urging the world’s second-largest economy, to let the [U.S. controlled market] set the value of the yuan.
William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, New York City spoke about “Reforming Culture and Behavior in the Financial Services Industry” as a imperative.
“Plunge Protection Team” was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to manipulate the markets.