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

|By:, SA News Editor
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.