One of the three currency traders Deutsche Bank reportedly fired in light of the investigations by regulators on foreign currency manipulation was the bank's unit head of emerging markets trading desk, a source told Bloomberg.
The formation of a special group of US regulators for the implementation of the Volcker Rule was to address the Rule's complexities and the potential issues that could arise due to the differences in the US regulators' policies with regard to the Dodd-Frank measure.
The European Commission said in a statement on Wednesday that it will be resolving an investigation on Google, which was launched following concerns by complainants across Europe on the search engine company's potential antitrust violations.
Following a series of investigations launched by US, UK and Swiss regulators on claims that foreign exchange rates are being rigged, majority of the top banks had taken steps like allocating costs for future settlement and dismissing traders to curb the effects of the financial scandal.
