Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS about the “increasingly unrealistic” currency rates being set last year for the Indonesian rupiah against the dollar.
- Sun
- May 19, 2013
- Updated: 5:49am
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Royal Bank of Scotland
Royal Bank of Scotland grew into one of the world’s biggest banking groups through aggressive acquisitions, but overstretched itself when it tried to buy Dutch banking giant ABN Amro in 2007. The British government pumped 45 billion pounds (US$73 billion) into RBS to keep it afloat in 2008, leaving it 82 per cent state-owned. As of November 2012, the taxpayer faced a loss of 19 billion pounds on the investment.
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Royal Bank of Scotland's Japan brokerage unit head is preparing to resign as the company faces penalties for attempts to manipulate benchmark interest rates, according to two people with knowledge...
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8 Feb 2013
A multistate probe of alleged manipulation of interest rates threatens to leave banks liable for billions of dollars in estimated state and local losses from the scandal, even as they settle with...
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6 Feb 2013
More than a dozen traders at RBS offices in London, Singapore and Tokyo manipulated the London interbank offered rate, which is used to price trillions of dollars worth of loans, from at least...
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2 Feb 2013
The more we learn about the manipulation of the London interbank offered rate (Libor), the more expensive the scandal becomes for the financial institutions involved.
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30 Jan 2013
Royal Bank of Scotland, Britain's biggest publicly owned lender, may reduce the bonus pool at its investment bank by more than a third as it prepares to pay fines to US and British regulators for...
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Royal Bank of Scotland may pay up to £500 million (HK$6.24 billion) in fines next week to settle allegations that traders tried to rig interest rates, two people with knowledge of the matter said...
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US prosecutors plan to file charges this week against multiple bankers linked to UBS rigging of Tokyo interbank lending rates.
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Who would have thought that chicken feet could bring a US port to life? But that is indeed what they have done for the port of Savannah, Georgia. Prior to 2002, Savannah was a quiet sleepy port....
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