Two traders working at Royal Bank of Scotland (RBS) have been suspended in connection with an investigation surrounding the possible manipulation of foreign exchange (forex) rates, according to reports.
The suspensions come amid a widespread investigation by regulators into forex manipulation. Regulators from the US, Switzerland and UK are presently investigating whether banks have been working together to manipulate set exchange rates to their advantage. The two RBS suspensions follow reports which say that London-based executives at three other major banks - Citigroup, JP Morgan and Standard Chartered - have been placed on leave. It is believed that RBS is one of several banks thought to have been contacted by regulators over recent weeks about forex dealing. Citigroup, Deuts...
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