Royal Bank of Scotland

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  RBS, UBS traders said to face arrest within month in Libor probe

  By Lindsay Fortado, Bloomberg  |  November 9, 2012

  U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group Plc and Barclays Plc within a month for questioning over their role in the Libor scandal.

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  U.K. lawmakers seek speedy overhaul of Libor following review

  By Ben Moshinsky and Lindsay Fortado, Bloomberg  |  September 28, 2012

  Proposals to overhaul Libor, including enhanced powers for U.K. regulators to prosecute rate rigging, may be enacted early next year in a bid to revive confidence in the scandal-ridden benchmark and banking industry.

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  U.S. criminal Libor probe said to seek London trader interviews

  By Lindsay Fortado and Kitty Donaldson, Bloomberg  |  September 27, 2012

  U.S. investigators conducting a criminal probe of interest-rate manipulation have asked their British counterparts for permission to interview London traders.

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  BBA poised to give up Libor oversight after rigging scandal

  By Gavin Finch and Liam Vaughan, Bloomberg  |  September 26, 2012

  The British Bankers’ Association signaled it will give up oversight of the London interbank offered rate following claims traders manipulated the benchmark.

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  RBS instant messages show Libor rates skewed

  By Andrea Tan, Gavin Finch and Liam Vaughan, Bloomberg  |  September 26, 2012

  Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to court filings.

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  RBS managers condoned Libor manipulation during expansion

  By Liam Vaughan, Gavin Finch and Andrea Tan, Bloomberg  |  September 25, 2012

  Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired.

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  Diamond says Barclays penalized for being first fined

  By Jesse Westbrook and Liam Vaughan, Bloomberg  |  July 6, 2012

  Robert Diamond said a backlash that has led to the resignation of senior managers and erased $5 billion from the bank’s market value is a consequence of the lender being the first sanctioned for rigging interest rates.

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  Wall Street investors in dark on liability of Libor probes

  By Andrew Harris, Christine Harper and Lindsay Fortado, Bloomberg  |  July 5, 2012

  Barclays Plc investors, blindsided by the bank’s $451.4 million regulatory fine for trying to rig benchmark rates, saw the stock drop 16 percent a day later. Other bank shareholders may be just as surprised.