"The Federal Reserve is continuing to investigate in the foreign exchange markets in coordination with other authorities, including the Department of Justice,” the spokesman said in a statement.
The Fed also is working closely with authorities overseas, according to the statement.
The announcement was made as global regulators fined five major banks, including UBS (>> UBS AG), HSBC (>> HSBC Holdings plc) and Citigroup (>> Citigroup Inc), $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market.
(Writing by Doina Chiacu; Editing by Bill Trott)