Citi and Deutsche take action against staff as FX probe continues
Rohan Ramchandani, head of European spot trading at Citi in London, has left the bank, having been on leave since late October as a result of the regulatory probe into manipulation of FX reference rates, while Deutsche Bank has placed several traders on leave in the US in connection with the investigations.
Ramchandani is understood to be the first trader to have been dismissed as a result of the investigation. He reported to Jeff Feig, global head of G-10 FX and cross-asset electronic trading
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