BNP Paribas pays $350 mln to settle New York currency probe
(WorldNews Business)

By Karen Freifeld NEW YORK, May 24 (Reuters) - French bank BNP Paribas on Wednesday agreed to pay $350 million to New York`s banking regulator for allowing more than a dozen traders and salespeople in New York and other key trading hubs to manipulate foreign exchange prices. The fine, imposed by New York`s Department of Financial Services, found the bank failed to properly supervise its global foreign exchange business. Foreign exchange traders in New York,...