RBS CEO says bank to reach FX probe settlement within year LeapRate

October 13, 2014 BY Mike Fox

RBS CEO says bank to reach FX probe settlement within year

Royal Bank of Scotland could reach a settlement with authorities over the alleged rigging of FX markets in the next six to 12 months as first reported by Bloomberg, Chief Executive Officer Ross McEwan said. The two biggest litigation issues facing Britain’s largest state-owned lender are an investigation into currency rigging and the U.S. government probe…

October 07, 2014 BY Mike Fox

Rabobank puts two on paid leave after review of FX trading activities

First reported by Bloomberg early Tuesday, Dutch lender Rabobank said it has placed two of its London staff on paid leave following an internal investigation into the bank's currency trading practices. "Rabobank can confirm that following an internal review of FX trading activities, two employees of its London branch have been put on paid leave…

September 26, 2014 BY Mike Fox

Sources: FCA in discussions with banks on FX manipulation settlement

According to senior banking sources, the settlements, which would be confirmed simultaneously, could cost in the region of £2bn in total...

Tag: FX Probes