Banks hurt by market fixing

 
Tim Wallace
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BANKS were harmed by market rigging, a top Bank of England executive said yesterday, arguing that only individual traders or their teams benefited from the wrongdoing.

Andrew Hauser said direct financial harm and reputational damage show market abuse was the work of a few unauthorised culprits.

He wants to ensure “professional demise for themselves and their teams... if they don’t conduct themselves properly.”