Royal Bank of Scotland has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor Royal Bank of Scotland has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor. The bailed-out bank has already warned that it expects to be fined by regulators for its role in attempting to fix the key benchmark interest rate which has cost Barclays £290m in penalties. RBS fired four traders last year – including Tan Chi Min, a senior trader in Singapore who is now suing the bank for wrongful dismissal – and earlier this month suspended Jezri Mohideen as head of rates trading for Europe and Asia Pacific.

It has now been reported that Ken Choy, a Singapore-based foreign exchange trader, has also been suspended as the local authorities step up an investigation into the local interest rate benchmarks. Choy was quoted in the Wall Street Journal as saying he was on "compliance leave". RBS, 81% owned by the taxpayer, is expected to face fresh questions about Libor when it reports its third quarter figures next week and repeated its statement that it was continuing to co-operate with regulators.....Read more here: RBS suspends another trader over Libor

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