10th Oct 2013 05:48
LONDON (Alliance News) - Royal Bank of Scotland Group PLC has submitted evidence to a UK Regulator as part of an investigation into foreign exchange manipulation, Reuters reported Wednesday.
RBS has reportedly handed over instant messages sent by a former currency trader, with Reuters citing a source familiar with the matter.
The sources added that RBS sent the messages to the Financial Conduct Authority after the alarm was raised following an internal probe that found the messages "inappropriate".
The messages were uncovered after the trader left the bank.
The FCA said in June that it was investigating possible foreign exchange benchmarks manipulation, while Swiss regulator FINMA confirmed its own investigation on October 4.
RBS shares Wednesday closed at 369.7 pence, down 1.7 pence, or 0.5%.
http://uk.reuters.com/article/2013/10/09/uk-rbs-trader-idUKBRE9980KY20131009
By Samuel Agini; [email protected]; @samuelagini
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