RBS says forex fines could impact on pay

Royal Bank of Scotland said it would take into account the $669m paid in fines to U.S. authorities following misconduct in its foreign exchange business when making future pay decisions for its staff.

Reuters reports that state-backed RBS was one of four major banks which pleaded guilty to trying to manipulate foreign exchange rates and one of six banks to be fined a total of nearly $6bn in a settlement that substantially ends a global probe into the $5 trillion-a-day market.

'We are determined to learn lessons from our past mistakes and to hold those responsible fully to account for their actions', CEO McEwan said on Wednesday.

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RBS says forex fines to influence future pay decisions

Global banks admit guilt in forex probe, fined nearly $6 billion

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