4 Financial Stock Stories for Important Investor Information
The Royal Bank of Scotland Group (NYSE:RBS): Current price $10.80
There were a large number of documents published this week in connection with the endeavors by RBS to rig the Libor, but the only trader pointed out by name was the “Rain Man”, Tom Hayes. Regulators say that Hayes was the connection among pervasive attempts by several banks to swell their trading profits by manipulating the rate and that he was the one who moved from one bank to the other with the contracts.
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