After the forex fine

After the forex fine

Earlier this month, the FCA slapped five banks with a £1.1bn fine for rigging forex trades.

Channel 4’s seasoned economics editor Paul Mason promptly declared he was “sick” of standing outside RBS headquarters because the banks had broken the rules once again. As he noted, RBS security were quick to try to move him on, but far less alert to what was going on inside. More than 170,000 viewers have watched Mason’s impassioned rant. But he is not the only one responding to the scandal. Bank of England Governor Mark Carney said bankers’ salaries, as well as their bonuses, could be clawed back. Meanwhile, the Treasury Select Committee has published its latest report on impleme...