4 Financial Stock Stories to Finish Out a Busy Trading Week
Barclays Plc. (NYSE:BCS): Current price $16.34
This might not be a very good time to be a foreign exchange trader. On Friday, Barclays followed a marked trend as it suspended six traders in connection with an inquiry into alleged misconduct in its forex trading procedures, said knowledgeable sources to CNBC. Barclays would not comment on the report, which follows the Financial Times reporting that RBS had suspended two traders in its foreign exchange division during an ongoing investigation. Barclays, along with UBS and Deutsche Bank, has already reported that it is in the early stages of examining its trading practices after being advised by regulators regarding the fixing of foreign exchange.