Sushi and sex revealed as RBS Libor riggers' currency - The …
https://www.thetimes.co.uk › article › sushi-and-sex-revea…
Feb 6, 2013 — Sex and sushi were the currencies with which RBS traders jokingly sealed deals as they rigged the Libor rate, e-mail exchanges have revealed …
Libor emails: RBS traders joked about rigging interest rates in …
https://www.mirror.co.uk › Money › City News › Fatcats
Feb 6, 2013 — Greedy traders at Royal Bank of Scotland joked about fiddling Libor rates in exchange for sex and sushi, shocking emails revealed today.
Banks Sued for LIBOR Collusion — Again! - Rolling Stone
https://www.rollingstone.com › politics › politics-features
Jul 26, 2019 — LIBOR, the London Interbank Offered Rate, helps set rates for hundreds … in texts offering LIBOR submitters everything from sex to “sushi …
Banks Sued for LIBOR Collusion — Again! - Rolling Stone
https://www.rollingstone.com › politics › politics-features
Jul 26, 2019 — LIBOR, the London Interbank Offered Rate, helps set rates for hundreds … in texts offering LIBOR submitters everything from sex to “sushi …>>16294330
'It's just amazing how Libor fixing can make you that much …
https://www.independent.co.uk › … › Business News
Feb 6, 2013 — Another Swiss franc trader in December 2008 — two months after RBS was bailed out with billions from the taxpayer — offered some “sushi rolls …
TheLinkHound on Twitter: "Fascinating to see "calculated" in …
https://twitter.com › link_hound › status
Dec 8, 2021 — @SushiSwap. very interesting … @SushiSwap. @ me when there is a feed for the Libor rate or Ameribor rate. ChainLinkGod.eth.
Sushi price today, chart, and market cap | CoinGecko
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View Sushi crypto price and chart live, market cap, 24-hour trading volume, circulating supply, latest news and more.
Sushi Price: $1.36
Market Cap Rank: #164
Volume / Market Cap: 0.4681
Market Cap Dominance: 0.02%
How did the Libor scandal happen?
The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives.>>16294425
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Libor emails: RBS traders joked about rigging interest rates in …
https://www.mirror.co.uk › Money › City News › Fatcats
Feb 6, 2013 — Greedy traders at Royal Bank of Scotland joked about fiddling Libor rates in exchange for sex and sushi, shocking emails revealed today.
>Bank of Scot joked about fiddling Lib
>>>View Sushi crypto price and chart live,
SushiSwap price today, SUSHI to USD live, marketcap and chart
https://coinmarketcap.com › currencies › sushiswap
The live SushiSwap price today is $1.35 USD with a 24-hour trading volume of $128,883,384 USD. We update our SUSHI to USD price in real-time. SushiSwap is up …
https://www.dailymail.co.uk/news/article-2274127/RBS-traders-joked-fixing-lending-rates-exchange-sex-sushi-landing-bank-400million-fine.html
'It’s up and down like a whore’s drawers!' RBS trader’s boast as he fixed bank lending rates
State-backed RBS has been fined £390m for its part in Libor scandal
Regulators released swaggering e-mails swapped by traders
Joked about manipulating rates up and down in damning messages
Published: 19:10 EDT, 5 February 2013 | Updated: 21:02 EDT, 6 February 2013
The ease with which traders at Royal Bank of Scotland rigged interest rates has been laid bare in a series of damning emails.
As the state-backed bank was yesterday fined £390million for its part in the Libor scandal, financial regulators released some of the swaggering messages swapped by its traders.
In messages littered with spelling mistakes, the RBS traders joked about manipulating rates up and down.
Royal Bank of Scotland must almost £400million to US and UK regulators for its part in the Libor-rate fixing scandal
Chancellor George Osborne condemned the 'totally unacceptable' behaviour at RBS as Business Secretary Vince Cable called for a return to traditional values in banks
Last night Chancellor George Osborne promised those responsible would face the ‘full force of the law’. RBS chief executive Stephen Hester said he was ‘disgusted’, adding: ‘What is profoundly depressing is this is an extreme example of the selfish and self-serving culture that the whole industry has been tagged with since the financial crisis.’
But he refused to resign or hand back a £1.5million bonus from 2010, despite taking the helm in November 2008.
RBS was hit with £300million in fines from the US Department of Justice and the Commodities Futures Trading Commission and an £87.5million fine from the FSA. It dwarfs the £290million fine slapped on Barclays last summer.
Swiss bank UBS was hit with a £940million penalty in December.
Six of the 21 workers found guilty of wrongdoing are still working at the bank, although some are still awaiting disciplinary action. Just six had been sacked for misconduct, including two managers, while the remaining culprits quit before any action could be taken.