1st Nov 2013 07:40
LONDON (Alliance News) - Royal Bank of Scotland has suspended two traders in its foreign exchange division, the Financial Times newspaper reported Friday, citing two people familiar with the situation.
The suspension come as regulators in the UK, US and Switzerland have launched investigations into the suspected manipulation of the global currency market.
Last month, RBS confirmed to Alliance News that it had been contacted by the UK Financial Regulation Authority in relation to the investigation.
The two traders would be the first RBS employees to be suspended in the widening probe that echoes the Libor interbank lending manipulation scandal, the FT said.
By Tom Waite; [email protected]; @thomaslwaite
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