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British Bank RBS Issues Year-End FX Probes Update - Investigations in Full Swing
- The ongoing internal investigations at banking giant RBS are at the mercy of six traders who face disciplinary action according to an annual update by the bank,with three of the traders already suspended.
Tuesday, 23/12/2014 | 18:25 GMT by
Adil Siddiqui
Freshly Promoted DCM Head Marc Giesen Parts Ways with RBS
- Royal Bank of Scotland (RBS) has another vacancy to fill in its Debt Capital Markets Business in the Middle East following the departure of Marc Giesen, who is leaving just months after a promotion at the bank.
Thursday, 13/11/2014 | 14:31 GMT by
Jeff Patterson
RBS Preps for FX Settlement Charges with $639Mln Allocation, Company Stock Falls
- Several of the financial industry’s leading banks have been engulfed in an ongoing probe alleging FX manipulation – in anticipation of impending regulatory actions, RBS has allocated $639 million for potential settlements.
Monday, 03/11/2014 | 18:28 GMT by
Jeff Patterson
Ex-FX Head Salvatore Rubino Joins JPMorgan Following RBS Departure
- Former Head of FX options for the Americas at Royal Bank of Scotland (RBS), Salvatore Rubino, has opted to join JPMorgan in a senior market risk role, following a six month hiatus from the financial industry.
Thursday, 23/10/2014 | 15:16 GMT by
Jeff Patterson
Commerzbank Taps Jon George as Newest Electronic Trading Head
- Global financial services provider, Commerzbank has appointed Jon George as its newest Head, Global Credit and Rates for Electronic Trading, joining the bank from RBS, where he served a similar role for nearly five years.
Saturday, 27/09/2014 | 07:57 GMT by
Jeff Patterson
Chairman Philip Hampton Parts Ways with RBS, More Changes to Follow?
- Royal Bank of Scotland Plc (RBS) has lost its chairman, Philip Hampton, as he parts ways with the bank to take up a new chairmanship at GlaxoSmithKline Plc (GSK), switching courses after a lengthy tenure in the financial industry.
Thursday, 25/09/2014 | 12:55 GMT by
Jeff Patterson
RBS and Lloyds Stand By to Implement Contingency Plans as Scottish Independence Vote Nears
- British banks are expecting the worst and hoping for the best on Sep 18th. With several economic and political factors yet to be decided, the only certainty is that banks will do what's best for shareholders
Thursday, 11/09/2014 | 12:44 GMT by
George Tchetvertakov
RBS Picks up yet Another Multi-Million Pound Fine - Business as Usual
- With the latest FCA penalty confirming ‘serious failings’ in advising 30,000 mortgage customers, the troubled bank is as far from a clean slate as ever, facing several forthcoming cases including FX manipulation.
Wednesday, 27/08/2014 | 13:40 GMT by
George Tchetvertakov
Nitesh Mistry Joins Deutsche Bank as Its European Investment Director
- Deutsche Bank AG has appointed ex-Investment Banker, Nitesh Mistry as its newest Investment Director, responsible for overseeing its European infrastructure debt investment operations for the group.
Wednesday, 13/08/2014 | 14:54 GMT by
Jeff Patterson
Markit to Deploy a Centralised Confirmation Infrastructure for FX Options
- Markit’s Managing Director Keith Tippell has explained to Forex Magnates the rationale behind entering FX options, as the company has announced its electronic trade confirmation and exercise management service.
Thursday, 03/07/2014 | 11:00 GMT by
Victor Golovtchenko
Patrick Bartle Appointed As Global Head Of FX Strategy At LMAX Exchange
- LMAX Exchange, an FCA regulated multilateral trading facility (MTF) for forex, has designated Patrick Bartle as the firm’s first Global Head of FX Strategy, in a bid to foster global client and volume expansion.
Tuesday, 10/06/2014 | 10:47 GMT by
Jeff Patterson
Director of Institutional FX at Deutsche Bank Is Suspended Over Manipulation Investigation
- London based Kai Lew has been at the position of Institutional FX Sales since 2006 and before that worked for Goldman Sachs with Fixed Income Derivatives. Hong Kong and New Zealand join the investigations.
Tuesday, 01/04/2014 | 11:54 GMT by
Avi Mizrahi
UBS Makes Bid for Immunity from US and EU Regulators over FX Manipulation
- UBS AG, the embattled banking giant under investigation for interest-rate rigging and forex manipulation has launched a bid to seek immunity in both the United States and the European Union (EU).
Monday, 24/02/2014 | 18:48 GMT by
Jeff Patterson
Currency Probes, Specter of Electronic Trading Threaten to Displace Human FX Traders
- With much of the global fx industry and regulators focused on a series of currency probes that have vexed the financial landscape, few have pondered the long-term ramifications on the fx market itself.
Tuesday, 18/02/2014 | 17:00 GMT by
Jeff Patterson
Deutsche Bank Chief Questions Decision to Limit FX Fixings, Calls for Fundamental Change
- As the manipulation of benchmark rates causes widespread upheaval in the industry, some banks opted to limit daily forex fixings, prompting Deutsche Bank to label this as an unsustainable solution.
Thursday, 30/01/2014 | 01:20 GMT by
Jeff Patterson
Embattled RBS Drops Several Forex Fixings Services Amidst Investigation
- In the midst of a lingering probe into the manipulation of forex and benchmark rates, the beleaguered Royal Bank of Scotland (RBS) announced today the cessation of orders for a number of currency fixings.
Wednesday, 29/01/2014 | 01:15 GMT by
Jeff Patterson
UBS, RBS in Talks with EU Antitrust Officials Over Swiss Franc Libor Probe
- UBS and three other banks, including RBS are negotiating with EU Antitrust officials to settle a third probe into the manipulation of benchmark rates, this time related to the Swiss Franc Libor rate.
Thursday, 23/01/2014 | 02:23 GMT by
Jeff Patterson
Federal Reserve Joins Forex Probe, Targets Largest Banks Over Currency Manipulation
- The U.S. Federal Reserve has initiated an investigation, joining other regulators in ascertaining the truth surrounding forex manipulation and the lack of oversight and controls over currency trading.
Tuesday, 14/01/2014 | 00:55 GMT by
Jeff Patterson
US District Court Slaps RBS With $50 Million Fine For Interest Rate Manipulation
- The Royal Bank of Scotland (RBS) has been sanctioned with a $50 million fine by the US District Court of Connecticut for its role in the interest rate manipulation of Japanese securities known as Libor.
Tuesday, 07/01/2014 | 01:03 GMT by
Jeff Patterson
Canadian Watchdog Competition Bureau Quits Libor Probe After Targeted Investigation
- The Competition Bureau announced today that is discontinuing its three-year probe into whether several leading banks colluded to manipulate the Japanese yen London Interbank Offered Rates (Libor).
Saturday, 04/01/2014 | 08:28 GMT by
Jeff Patterson
RBS Fined $100M To Settle on Sanctions Related Compliance, Group Finance Director To Resign
- Royal Bank of Scotland today announced a settlement for $100 million which it will pay to three U.S. Regulators in connection with historical compliance with U.S. Sanctions. Nathan Bostock intends to resign from board.
Wednesday, 11/12/2013 | 23:33 GMT by
Steven Hatzakis
RBS system crashes on UK’s busiest Ecommerce day of the year
Tuesday, 03/12/2013 | 00:00 GMT by
FMAdmin Someone
Eye For Detail Required: HKMA Issues Warning Over RBS Imposter's Website
- The Hong Kong Monetary Authority has yesterday issued a warning to potential FX traders regarding its discovery of a fraudulent website whose domain name appears similar to RBS, yet has absolutely no connection whatsoever.
Thursday, 28/11/2013 | 08:00 GMT by
Andrew Saks McLeod
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