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RBS's two staff suspended amid foreign exchange probe

Xinhua, February 25, 2015 Adjust font size:

Royal Bank of Scotland (RBS), a Britain-based main commercial bank, Wednesday said that another two staff had been suspended as part of investigation by the bank into foreign exchange (FX) market manipulation.

RBS, headquartered in Edinburgh, said in a statement: "We can confirm that two members of staff have been suspended as part of the on-going FX investigation at the bank."

It also said another six staff had been placed into a "disciplinary process".

The 79 percent state-owned bank was one of the six banks that fined a combined 4.3 billion U.S. dollars last month for failing to stop FX market rigging.

The Times, a British newspaper, Wednesday reported that British financial regulator Financial Conduct Authority is escalating its supervision of FX traders in the City of London after the discovery of further misconduct by the US Department of Justice.

Previously, the bank has already suspended three employees after it launching an internal review. Endit