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RBS suspends third trader in forex probe
by William Robins on Feb 20, 2014 at 08:31
A third currency trader at Royal Bank of Scotland (RBS) has been suspended in connection with rate-rigging allegations.
According to The Financial Times, RBS trader Ian Drysdale was suspended earlier this week.
According to reports the suspension relates to global regulatory investigations into the potential manipulation of the £3 trillion a day foreign exchange market.
It comes as RBS agreed to pay $275 million (£164 million) to settle a class action lawsuit in the US. RBS had been accused of misrepresenting loans sold as mortgage secutirites in the run up to the 2008 financial crisis.
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by Michelle Abrego on Mar 11, 2014 at 10:45