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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Comments (14)

  1. Posted by Mater | October 5, 2012 at 3:50 PM

    NYC>London>Singapore>All of Scotland

    -It's Friday where is my legal drivel.

  2. Posted by guest | October 5, 2012 at 3:52 PM

    Phenomenal value add.

  3. Posted by guest | October 5, 2012 at 3:52 PM

    You should get better at commenting. For all our sakes.

  4. Posted by Guest | October 5, 2012 at 3:58 PM

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

  5. Posted by Curious Kenny | October 5, 2012 at 4:01 PM

    Did you mean "next" or "neat"?

  6. Posted by HAM05 | October 5, 2012 at 4:13 PM

    always the ones with 3 first names

  7. Posted by Sarong party girl | October 5, 2012 at 9:46 PM

    Me rove you rong time!

  8. Posted by guest | October 5, 2012 at 9:48 PM

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

  9. Posted by katy perry dress | October 5, 2012 at 10:14 PM

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

  10. Posted by guest | October 6, 2012 at 12:48 PM

    You didn't manipulate that.

  11. Posted by khan | October 8, 2012 at 9:03 AM

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

  12. Posted by bookmarking service | October 8, 2012 at 4:37 PM

    ThuvHy I really liked your article post. Awesome.

  13. Posted by Shirley Waters | October 13, 2012 at 7:16 AM

    im pretty sure i read something like this else where

  14. Posted by reference | December 28, 2012 at 12:29 PM

    I agree there definitely should be a mercy rule for RBS