March 16, 2014 BY Gerald Segal

Hitting them where it hurts – big banks withhold bonuses for forex traders

Barclays, Citi and RBS have frozen bonuses across their FX trading teams, pending outcome of 4pm fix investigations. Temporary suspensions are one thing, but if you really want to hurt traders, take away their bonuses.... The Financial Times has reported that several leading global banks including Barclays (NYSE:BCS), Citi (NYSE:C) and Royal Bank of Scotland…

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