RBS suspends bonuses as part of forex review

Royal Bank of Scotland Group suspended bonuses of 18 traders as part of a review of foreign-exchange business in the wake of a $634m (€521.25m) fine.

RBS is reviewing the conduct of more than 50 current and former traders who worked at the investment bank, it said in a statement yesterday. Six employees face disciplinary action, with three of them suspended pending investigations.

A former RBS trader was arrested on December 19 in relation to the UK Serious Fraud Office’s investigation into currency rigging — according to a person with knowledge of the situation.