RBS Traders Have Yet To Find Anything They Don’t Like To Manipulate

Just because their manipulation of Libor has gotten the most notice doesn’t mean it’s the only thing like to mess with. Don’t box them into that corner, like your one-trick ponies at Barclays.

Royal Bank of Scotland suspended a trader for trying to rig the Singapore dollar swap offer rate, indicating employees may have sought to manipulate more than just Libor, two people briefed on the matter said. Senior trader Chong Wen Kuang was put on leave earlier this year for trying to rig the interest rate to benefit his trading position, said the people who asked not to be identified because the bank is probing his actions. He is the first RBS employee to be suspended or fired for attempting to rig a benchmark other than the London interbank offered rate, one of the people said.

RBS Said To Suspend Trader Of Interest Rate Rigging [Bloomberg]
Earlier: RBS Trader Whose Instant Messages Clearly Show Him (Allegedly) Engaging In Libor Manipulation Not Going Down Without A Fight

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14 Responses to “RBS Traders Have Yet To Find Anything They Don’t Like To Manipulate”

  1. Mater says:

    NYC>London>Singapore>All of Scotland

    -It's Friday where is my legal drivel.

  2. Guest says:

    Net thing you're going to be telling me is their books are cooked and they're not even a profitable company.

  3. HAM05 says:

    always the ones with 3 first names

  4. Sarong party girl says:

    Me rove you rong time!

  5. guest says:

    There should be a mercy rule for RBS like “Ten Probes and You’re Out of Business”. Better than this death by paper cuts.

  6. Wayyy to heavy (curtain like) but her make up and hair look AMAZING!! Seriously her eyes look so fierce

  7. guest says:

    You didn't manipulate that.

  8. khan says:

    hmmmmm interesting but the internal story is not revealed how RBS know about ,who tell ,when etc

  9. ThuvHy I really liked your article post. Awesome.

  10. im pretty sure i read something like this else where

  11. reference says:

    I agree there definitely should be a mercy rule for RBS