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May 26, 2017

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RBS suspends Europe, Asia-Pacific head of rates rating amid Libor probe: report

LONDON -- Royal Bank of Scotland has suspended its head of rates trading for Europe and Asia-Pacific amid a company probe into the Libor interest rate fixing scandal, the Financial Times reported on Tuesday.

British state-owned RBS would not confirm the report or that Jezri Mohideen had become its most senior employee to be put on leave as the bank investigates its alleged role in the Libor affair that has rocked rival bank Barclays.

A spokeswoman told AFP: "Our investigations into submissions, communications and procedures relating to the setting of Libor and other interest rates are ongoing. RBS and its employees continue to cooperate fully with regulators."

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