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Royal Bank of Scotland has said it suspended another two employees as part of an investigation by the bank into foreign exchange market rigging. RBS was one of six banks fined a combined $4.3bn (£2.6bn) last month for failing to stop foreign exchange market manipulation. It launched an internal review of the conduct of more than 50 current and former traders. Six staff were placed in a disciplinary process and three were suspended.
RBS, which is which is 80% owned by the UK government, will release its annual results on Thursday. Like HSBC earlier this week, these could provide new estimates as to the amount such misdemeanours will cost it. The bank said in a statement: "We can confirm that two members of staff have been suspended as part of the ongoing FX [foreign exchange] investigation at the bank." ....Read more here
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