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Home > Royal Bank of Scotland RBS suspends another trader over Libor

Royal Bank of Scotland RBS suspends another trader over Libor [1]

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Submitted by Rain on Sat, 10/27/2012 - 05:02

The Guardian - 10/26/12, Jill Treanor

Royal Bank of Scotland has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor

RBS

RBS suspends another trader. Photograph: Andy Rain/EPA

Royal Bank of Scotland [2] has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor [3].

The bailed-out bank has already warned that it expects to be fined by regulators for its role in attempting to fix the key benchmark interest rate which has cost Barclays £290m in penalties [4].

To read the rest of this story, visit Guardian.co.uk. [5]

Category: 

  • 3D News [6]

Source URL: //soundofheart.org/galacticfreepress/content/royal-bank-scotland-rbs-suspends-another-trader-over-libor

Links
[1] //soundofheart.org/galacticfreepress/content/royal-bank-scotland-rbs-suspends-another-trader-over-libor
[2] http://www.guardian.co.uk/business/royalbankofscotlandgroup
[3] http://www.guardian.co.uk/business/libor
[4] http://www.guardian.co.uk/business/2012/jun/27/barclays-chief-bob-diamond-bonus-fine
[5] http://www.guardian.co.uk/business/2012/oct/26/rbs-suspends-trader-libor?newsfeed=true
[6] //soundofheart.org/galacticfreepress/type-post/3d-news