South Korea's financial regulator yesterday warned Deutsche Bank and BNP Paribas about alleged improper trading in derivatives and ordered the two banks and Barclays Capital to impose a range of sanctions against staff.
The Financial Supervisory Service also confirmed that it has referred allegations against Hermes Investment Management, the UK fund, to the supreme prosecutor's office for a criminal investigation. Hermes is accused of conspiring to manipulate Samsung Corporation's share price.
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