Bloomberg News

Royal Bank of Scotland Fired Four Employees on Libor, FD Says

August 03, 2012

Royal Bank of Scotland Group Plc Finance Director Bruce Van Saun said the bank fired four employees for trying to influence its rate setter as part of its Libor internal investigation.

“Banks got detached from reality to some extent,” he said in an interview with Bloomberg TV today.

To contact the editor responsible for this story: Howard Mustoe at hmustoe@bloomberg.net


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