NWG Natwest

Managers of the Royal Bank of Scotland Group Plc (RBS.LN) routinely sought to influence the firm's submission of Libor rates between 2007 and 2010 to profit from derivative bets, Bloomberg reported Tuesday, citing employees, regulators and lawyers it interviewed. This indicates wrongdoing extended beyond the four traders the firm has fired. Traders also discussed with their counterparts at other firms where the rates should be set, the report said. RBS is one of at least a dozen firms currently under investigation by regulators worldwide over rate-rigging allegations.

Full story at http://www.bloomberg.com/news/2012-09-24/rbs-managers-said-to-condone-manipulation-of-libor-rates.html

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