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RBS suspends third trader in forex probe

by William Robins on Feb 20, 2014 at 08:31

RBS suspends third trader in forex probe

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.

1 comment so far. Why not have your say?

Ian Lees

Feb 20, 2014 at 11:39

That should prove most helpful when Scotland obtains Independence and get their own currency ?

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