Royal Bank of Scotland has dismissed 10 traders in connection with the alleged manipulation of Libor rates, the Press Association (PA) reports, citing unidentified sources.
It is not known when the traders were let go, the news agency said. RBS has not commented, PA reported.
As of 08:57 shares of RBS are falling by 1.63% to the 211.8p mark, recovering partially from an earlier 3% fall.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
-
Will Labour scrap the British ISA?While it was the brainchild of the Conservatives, the British ISA received little love and now it seems Rachel Reeves may scrap the idea altogether. What does this mean for the ISA landscape?
-
Direct Line returns to profit but loses almost 500,000 customers - here is what it meansDirect Line posted a pre-tax profit of £61.6m for the six months to June 30, compared to losses of more than £75m a year ago - what does it mean for the insurance sector?
