Six RBS Traders Could Be Punished In Forex Probe

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Six RBS Traders Could Be Punished In Forex Probe

(Reuters) – Six Royal Bank of Scotland employees could face disciplinary action as part of an inquiry into failings in its foreign exchange trading, the state-backed British lender said on Tuesday. RBS launched an internal review into its FX activities after it was one of six banks fined a combined $4.3 billion last month for failing…

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Morgan Stanley Earnings: Why Profits Were up 47%

Dave Kovaleski1 hour

Financial services behemoth Morgan Stanley (NYSE:MS) reported strong second quarter earnings with profits rising 47%, pushing Morgan Stanley stock higher. The firm generated $15 billion in revenue, an 11% year-over-year...