Royal Bank of Scotland has suspended a senior currency trader in London, bringing to three the number of traders suspended by the bank since a global investigation into allegations of rigging reference exchange rates was launched last year.
This follows the suspension of two other traders in October last year. On Tuesday RBS said it was reviewing rules on currency dealers trading with their own money.
The news agency also reports that RBS has agreed to pay $275m to resolve a U.S. lawsuit accusing it of misleading investors in mortgage-backed securities, lawyers for the plaintiffs said on Wednesday.
The accord, which must be approved by a federal judge in New York, is the third-largest settlement in a U.S. class action against banks that packaged and sold mortgage securities that were at the heart of the 2008 financial crisis.
image: © Mark Ramsey