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A sign in need of repair is seen outside a branch of the Royal Bank of Scotland (RBS) in the City of London February 4, 2013. Photograph taken on February 4, 2013. Royal Bank of Scotland will be punished on Wednesday for its role in a global interest rate rigging scandal, with fines of between 400-500 million pounds ($783 million) expected. The part-nationalised bank will be fined by authorities in Britain and the United States for the attempted manipulation of the London interbank offered rate (Libor) and other key benchmark rates. (Andrew Winning/Reuters)
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RBS’s Libor settlement: The txts traders shud not hav snt
JOANNA SLATER
— The Globe and Mail
Published
Last updated
Every day, each of us makes small requests of our colleagues. Could you send such-and-such a document? Would you mind giving me your thoughts on the following?
For some traders at the Royal Bank of Scotland, it appears, such routine requests included this question: might you try to manipulate a major interest rate for me so that I can make some more money?
