On the heels of a lingering investigation into FX manipulation, Rabobank has placed two of its staff from its London branch on paid leave, in a bid to mitigate the intense regulatory pressure zeroing in on the bank.
According to a recently emailed statement to Bloomberg on the moves, “Rabobank can confirm that following an internal review of FX trading activities, two employees of its London branch have been put on paid leave of absence.” No names were released in the statement.
Despite mounting pressure from a global panel of regulators worldwide, no banks or individuals have been formally charged with any wrongdoing or illicit practices, despite nearly 30 traders being suspended or fired, mostly as a result of in-house measures.
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