Ex-Credit Suisse Forex Trader Defends Chats With Rival Banks (CSGN)


A former Credit Suisse Group AG currency trader defended his use of electronic chat rooms with employees at other banks, saying the discussions were vital to understand a volatile market with no reliable way to check prices.

Christopher Hatton, who left Credit Suisse earlier this year, testified Wednesday in a trial over a lawsuit by a group of investors claiming the bank rigged the foreign exchange market. He said he didn’t believe anything he’d posted was a violation of the bank’s policies at the time.


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