The changes are the first move by recently appointed CEO of RBS, Alison Rose, to overhaul the investment banking division NatWest Markets.
Investment firms affected by major FX rigging scandal at Barclays, Citi, RBS, JP Morgan and UBS are seeking compensation in the UK.
Swiss competition authority has fined Barclays, Citigroup, JP Morgan, RBS & MUFG a combined CHF 90 million for its role in rigging the FX spot market.
European Commission has fined Barclays, RBS, Citigroup, JP Morgan and MUFG a total of €1.07 million for involvement in FX trading cartel.
The CFTC found traders at RBS joked about manipulating the USD ISDAFIX benchmark.
Trading ‘Cartel’ charged with rigging FX spot market face up to 10 years in prison.