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Banks consider ban on chat rooms after rigging probe

Reuters – Big banks are considering banning traders from some online chat rooms in response to investigations into alleged collusion between dealers over key financial market benchmark rates, people familiar with the matter said on Monday [Nov. 11].

JPMorgan Chase, Credit Suisse Group and Citigroup Inc., among others, are reviewing chat room use over concerns that some of those forums are seen by regulators as potential venues for collusion and market manipulation.

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