RBS hands over evidence in fx rate-rigging investigation

|By:, SA News Editor

Amid a growing investigation into manipulation of foreign-exchange rates, RBS has handed over to regulators instant message strings sent by and to a former currency trader at the bank. The trader left RBS several years ago, and it's unclear if he/she is still working in the industry.

RBS launched an internal investigation of fx rate-rigging over the summer, and Switzerland - in conjunction with authorities in other countries - has begun a probe.

RBS, along with a number of other banks, is fresh off the settling of Libor-rigging charges.