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Royal Bank of Scotland managers are accused of colluding to rig the financial markets in court papers filed by a former employee. Tan Chi Min, a former head of delta trading for RBS’s global banking and markets division in Singapore, alleged that managers condoned collusion between its staff to set the Libor rate artificially high or low to maximise profits. The lawsuit, filed in March, will be closely examined by regulators investigating the fixing of the UK's key inter-bank lending rate.....Read more HERE
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