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RBS says forex fines could impact on pay

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Royal Bank of Scotland said it would take into account the $669m paid in fines to U.S. authorities following misconduct in its foreign exchange business when making future pay decisions for its staff.

FX Traders on best behaviour

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When global bond investors lost more than $400bn in one week this month, Koon Chow, a Union Bancaire Privee currency strategist, asked sales contacts at banks about the impact on foreign-exchange markets. He didn’t get much help.

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Mizuho makes 5 new hires

Mizuho Bank and Mizuho Securities USA, the U.S. corporate and investment banking subsidiaries of the Mizuho Financial Group, have announced the hiring of three senior debt capital markets and two senior corporate finance executives from the Royal Bank of Scotland (RBS).

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