Traders at BofA to Credit Suisse named in rand-conspiracy probe

BANK OF AMERICA was among a number of large banks named in a probe by the South African government in a scheme to manipulate the exchange rate for its currency, the rand. / BLOOMBERG NEWS GRAPHIC
BANK OF AMERICA was among a number of large banks named in a probe by the South African government in a scheme to manipulate the exchange rate for its currency, the rand. / BLOOMBERG NEWS GRAPHIC
LONDON - Dozens of currency traders at some of the world’s biggest banks, from Credit Suisse Group AG to Bank of America Corp., have been named in a South African probe into an alleged scheme by the dealers to manipulate the value of the rand. The traders, who regulators say were part of an illicit…

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