Singapore banks badly hurt by rate-fixing probe's blows

100 traders already left.

According to Reuters, cost pressures and tougher regulation mean banks in Singapore are struggling to replace the 100 traders who left the market during a rate-fixing probe.

Reuters said that the world's fourth largest foreign exchange center is still reeling from the crackdown, which has left volumes flowing through banks' once vibrant interest rate and emerging market currency trading desks a long way below pre-scandal levels.

View the full article here.

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