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Swiss competition authority opens probe into Forex manipulation

Reuters - UK Focus

ZURICH, March 31 (Reuters) - Switzerland's competition watchdog said on Monday it had opened an investigation into several Swiss, British and American banks over possible collusion to manipulate foreign exchange rates.

WEKO said it is investigating UBS (Xetra: UB0BL6 - news) , Credit Suisse (NYSE: CS - news) , Zuercher Kantonal Bank, Julius Baer (Other OTC: JBARF - news) , JP Morgan (Other OTC: MGHL - news) , Citigroup (NYSE: C - news) , Barclays (LSE: BARC.L - news) and Royal Bank of Scotland.

(Reporting by Caroline Copley; Editing by Matt Driskill)