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New York won't settle with Barclays soon over FX computer programs
New York's banking regulator will not settle with Barclays Plc (BARC.L) over foreign exchange trading in coming weeks unless the deal excludes a probe of the possible rigging of rates through computer programs, the agency's superintendent said on Tuesday. "There are two options: You can do a settlement in May with a carveout, or you can do a settlement later without a carveout," Benjamin Lawsky, superintendent of New York's Department of Financial Services, said after a Dow Jones event in midtown Manhattan. Barclays is among a handful of banks expected to come to terms in the coming weeks with the U.S. Department ... (full story)