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 Diego Moraiz, Robert Wallden and Christopher Fahy were terminated by
the bank, which told trading floor staff of the development on
Tuesday, according to the source.
The three traders could not be reached for comment.
"Deutsche Bank has received requests for information from regulatory
authorities that are investigating trading in the foreign exchange
market," a bank spokeswoman said in an emailed statement. "The bank
is cooperating with those investigations, and will take disciplinary
action with regards to individuals if merited."
The terminations come as authorities around the world, including
Britain's Financial Conduct Authority and the U.S. Justice
Department, investigate possible manipulation in the $5.3
trillion-a-day global forex market.
Investigators are looking at activity around benchmark foreign
exchange rates, often referred to as fixes, which are used to price
trillions of dollars worth of investments and deals and relied upon
by companies, investors and central banks.
Many of the largest global banks, including Deutsche Bank, UBS AG <UBSN.VX>,
JPMorgan Chase & Co <JPM.N> and Citigroup Inc <C.N>, have said they
are cooperating with the probes. Several banks have suspended or
fired traders.
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Earlier in December, Deutsche had suspended Moraiz, a source told
Reuters previously. Moraiz, who had been with Deutsche Bank since
2004 and is close to 50, was the head of its emerging markets
foreign exchange trading desk and specialized in trading the Mexican
peso. He was a managing director, and the most senior of the three
traders to be terminated on Tuesday.
Fahy, who is in his mid-30s, and Wallden, 29, were both directors in
the forex trading unit.
The Wall Street Journal reported in November that FBI agents had
visited Wallden's home, where they showed him transcripts of an
electronic chat in which he appeared to boast about trying to
manipulate forex markets.
(Reporting by Paritosh Bansal; editing
by Bernard Orr)
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