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First arrest in forex scandal: Former RBS trader held on suspicion of rigging £trillion foreign exchange market Former trader at RBS becomes first to be arrested in forex scandal.

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The majority state-owned U. RBS said its operating pretax profit came to 1. Department of Justice over the sale of mortgage-backed securities in the lead up to the financial crisis.

This contributed to a 5. RBS said the timing of its interim dividend will depend on the finalization of the U. The lender said it will also consider special distributions, depending on regulatory approval, although it doesn't expect any additional payouts until RBS said the dividend is supported by its underlying profitability and continued reduction of risk-weighted assets, which generated basis points of capital in the second quarter.

At the end of the period, the bank's common equity Tier 1 ratio, a key measure of capital strength, stood at The bank reported a 3. But I would also expect those arrested to reveal the senior managers who turned a blind eye.

Some are likely to be current or former employees of Barclays. Pressure is growing on the Government and authorities to claim the scalp of a high profile banker.

More than seven years since the run on Northern Rock, not a single senior banker has been jailed for their role in the financial crisis. So far the Serious Fraud Office has arrested 13 employees for manipulating Libor interest rates used to set the cost of mortgages. Just one has been charged after pleading guilty in October to conspiracy to defraud.

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Royal Bank of Scotland has suspended two traders in its foreign exchange division according to two people familiar with the situation, in another sign that the global probe by regulators into the suspected manipulation of the currency market is rapidly gaining traction. Rbs forex broker is providing high class trading facilities to its customers. Royal bank of Scotland or RBS is famous due to its prestigious services. Due to its physical presence in many foreign exchanges, the level of serving has made more considerable for the world’s traders. RBS declined to comment. The arrest comes a month after six banks paid a total of $bn to US, UK and Swiss regulators to settle allegations that their weak controls failed to prevent traders attempting to manipulate forex.