Apparently RBS sacked four traders for similar actions last year.
I find it quite hilarious that I've just heard this whole thing referred to on the news as an 'Institutionalised Misunderstanding'. Funny that, if I had carried out a similar act it would probably be called fraud.
Quote:
Originally Posted by Ursa major  ** - Will the cleaned-up version be called New Libor, I wonder?   |
Groan