Manipulation banks agree settlement with US Justice department.
Bank of Scotland Royal LogoUS and British regulators have slapped massive fines on six major global banks for rigging the foreign exchange.
Royal Bank of Scotland says forex fines to influence future pay decisions.The reputation of the banking industry took another hammering on.
World's Biggest BankThe fines are rolling in for Wall Street in connection with the 2008 LIBOR currency market and interest rate rigging scandal.In both cases, the five banks involved are Citibank, HSBC Bank plc, JPMorgan Chase, The Royal Bank of Scotland plc (RBS) and UBS AG (UBS).The new charge takes the total set aside by RBS for future foreign exchange settlements to 704 million pounds.
RBS says it is reviewing staff conduct following Forex scandal fine ...Financial penalties expected to hit British banks for Forex rigging will do.
Rbs forex broker is providing high class trading facilities to its customers.
Forex rigging scandal: How the FCA fines have hit RBS, HSBC, Bank of ...
London Skyline 2014
Barclays BankThe fines accompany criminal guilty pleas for Citicorp, JPMorgan, Barclays, Royal Bank of Scotland and UBS.RBS expecting further fines and compensation for badly treated business customers but pressing on with share sale.Royal Bank of Scotland Group plc (LON:RBS) said it expects to settle with American authorities investigating Forex manipulation at the bank in the coming month and.
British Banks Face Billions in Fines Over Forex Market Rigging.
RBS have paid about $10 billion in fines and settlements over forex ...
Today, the Royal Bank of Scotland and HSBC were forced to admit their role in the manipulation of global foreign exchange (Forex) markets, and Barclays is.It is investigating the conduct of more than 50 past and present staff and suspended bonuses.Royal bank of Scotland or RBS is famous due to its prestigious services.
The new fines are a second wave of punishments for fixing forex markets.