Tag: Royal Bank of Scotland

March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

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April 30, 2015 BY Mike Fox

Royal Bank of Scotland earmarks new $515M for Forex fines

Royal Bank of Scotland Group plc (LON:RBS) said it expects to settle with American authorities investigating Forex manipulation at the bank in the coming month and set aside a further 334 million pounds ($515 million) to cover the potential cost. The allocation from RBS takes the total set aside by the bank for future FX settlements to 704 million pounds…

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October 13, 2014 BY Mike Fox

RBS CEO says bank to reach FX probe settlement within year

Royal Bank of Scotland could reach a settlement with authorities over the alleged rigging of FX markets in the next six to 12 months as first reported by Bloomberg, Chief Executive Officer Ross McEwan said. The two biggest litigation issues facing Britain’s largest state-owned lender are an investigation into currency rigging and the U.S. government probe…

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