Market Currents

RBS managers took part in the manipulation of global interest rates, Bloomberg reports, while...

Tuesday, September 25, 2012, 3:35 AM ET
RBS managers took part in the manipulation of global interest rates, Bloomberg reports, while traders collaborated with counterparts at other banks. There was also no Chinese wall at RBS: money-market traders who submitted the bank's Libor estimates sat on the same desk as derivatives traders whose profits depended on the rate, with the latter even making submissions themselves sometimes.

This Market Current was sent to 1,515 people who get email alerts on RBS.

Get email alerts on RBS »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 2 comments:

Gloube Comments (100)

How is that even possible? Can you imagine the first day at work for these guys? "Welcome to RBS Bob, this is your desk. Now, this is the computer where you buy interest rate derivatives, and this is the computer where you manipulate the interests rates. Any question?" "No sir, everything looks fine here, thanks"

25 Sep 2012, 08:23 AM Reply Like

minecanary Comments (214)

That's our paid politicians and regulators at work. It's a wonder they even bother to cover up the JPM and GS logos on their checks.

25 Sep 2012, 09:17 AM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)