Fox Business, 25 Jan 2012Royal Bank of Scotland Plc. (RBS) has defended its decision to terminate the employment of a Singapore-based trader who it claims sought to improperly manipulate the setting of the benchmark London interbank offered rate, or Libor.
Tan Chi Min, previously the head of delta trading with RBS's global banking and markets division in Singapore, late last year commenced a suit against the bank after his employment was terminated in November last year. Full story
