Deutsche Bank suspends forex employee

LONDON: A Deutsche Bank employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source said.

Kai Lew, a London-based director of institutional sales at the German bank, became the first woman to be embroiled in a global probe into the US$5.3-trillion-a-day currency market, the world’s largest, when she was placed on leave last month as part of an internal investigation by Deutsche Bank.