A memorandum has been circulated to RBS staff asking them to commit spare time to extra-curricular activities such as minor repairs, maintenance and cleaning - could the financial giant be feeling the pinch post-FX manipulation fine?
Read moreG-20 nations will hear proposals by the Financial Stability Board at November's Brisbane summit as to whether to totally isolate bank traders which execute fix orders by imposing a sealed and strictly monitored environment as a matter of course
Read moreWith FX order flow at a low point across the entire industry, Barclays has begun charging rival institutions for executing benchmark orders, a precedent that could result in many other companies following suit.
Read moreThe prolonged period of low volumes is not just the preserve of retail and non-bank FX firms, as HSBC's second quarter results show steep decline in FX revenues.
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