The charge in the indictment carries a maximum penalty of 10 years in prison and a $1 million fine for Richard Usher, Rohan Ramchandani and Christopher Ashton.
Royal Bank of Scotland
Undercapitalized Tier 1 banks which restrict credit to the FX industry are a law unto themselves, crackdown on CEO salaries begins
RBS and Barclays, two very large FX dealers, are undercapitalized according to the Bank of England. If that’s the case, why doesn’t the regulator put a stop to them holding prime of primes to task on capital requirements when they don’t adhere to their own stipulated capital bases, and instead of shaving the remuneration packages of CEOs, make them responsible for putting this right?