Managers at Royal Bank of Scotland involved in the manipulation of Libor rates!!!

The management of British bank Royal Bank of Scotland has been involved in the manipulation of interbank reference rates for the U.S. and UK. Managers tolerated and interfered in setting rates, despite the existence of conflicts of interest.
Responsible for products denominated in yen Royal Bank of Scotland (RBS) in Singupura, Jezri Mohideen, instructed his colleagues from the UK to reduce the rate offered in the interbank lending, influencing the rate of Libor London.

The news is advanced by Bloomberg, citing two sources who did not identify, and demonstrates that fixing scandal Libor rates at RBS involve more people than the four "traders" who were laid off by the bank.

The request was sent through an instant messaging service and did not indicate any reason to justify the request Mohideen. In response had another message with the rate requested by product manager.

Bloomberg News indicates that there is more credit market speculators and managers who interfered in setting rates for better returns in products derived from interest rates and quotes officials, regulators and lawyers interviewed. The "traders" also had contact with counterparts from other banks, says Bloomberg. [link to www.jornaldenegocios.pt]