1 July 2012
Last updated at 13:34 GMT
RBS is one of a number of banks being investigated for possible rigging of the key bank lending rate.
The news comes days after Barclays became the first bank to be fined for false reporting of it.
Barclays was fined £290m ($450m) after the Financial Services Authority (FSA) found its traders had lied about the interest rate other banks were charging it for loans.
Giving a lower reading than the true rate would give the impression other banks thought it was a better risk to lend to than it was.
Libor (London Inter Bank Offered Rate) is the rate at which banks in London lend money to each other.
On Friday, RBS chief executive Stephen Hester confirmed that his bank was one of a number of banks being investigated over attempts to manipulate Libor interest rates.
Mr Hester told the BBC it was a time of "high emotion around financial services".
RBS has sacked traders over the Libor-fixing scandal
The
Royal Bank of Scotland has sacked "less than a dozen" traders over
their alleged involvement in the Libor-fixing scandal, it has emerged.
BBC business editor Robert Peston says the dismissals happened at the end of last year.RBS is one of a number of banks being investigated for possible rigging of the key bank lending rate.
The news comes days after Barclays became the first bank to be fined for false reporting of it.
Barclays was fined £290m ($450m) after the Financial Services Authority (FSA) found its traders had lied about the interest rate other banks were charging it for loans.
Giving a lower reading than the true rate would give the impression other banks thought it was a better risk to lend to than it was.
Libor (London Inter Bank Offered Rate) is the rate at which banks in London lend money to each other.
On Friday, RBS chief executive Stephen Hester confirmed that his bank was one of a number of banks being investigated over attempts to manipulate Libor interest rates.
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In making false submissions about their borrowing costs, managers at Barclays believed they were operating under an instruction from Paul Tucker, deputy governor of the Bank of England”
He also announced he had decided not to take a bonus for this year.
The decision followed the chaos caused by an update to RBS
computer systems which left many customers unable to access their
accounts or move money.Mr Hester told the BBC it was a time of "high emotion around financial services".
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