Fed and Bank of England reportedly probe banks' exposure to trading firms after Jane Street losses
Reuters, citing the Financial Times, reports that the inquiries followed hedge fund turmoil that caused large losses at Jane Street in July.
TLDR
The Federal Reserve and Bank of England have asked global banks about their exposure to large trading firms, Reuters reports, citing the Financial Times. The inquiries followed turmoil at a hedge fund that caused large losses at proprietary trading firm Jane Street in July.
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