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UK financial watchdog bans, fines ex-RBS Libor trader

Reuters  |  LONDON 

By Emma Rumney and Kirstin RidleyLONDON (Reuters) - Britain's financial watchdog fined ex-Royal Bank of Scotland trader Neil Danziger 250,000 pounds ($338,000) on Monday and barred him from working in financial services. The Financial Conduct Authority (FCA) said in a statement it had found that between 2007 and 2010 Danziger, who traded products referenced to the Japanese Yen variant of Libor (London Interbank Offered Rate), was knowingly involved in the bank's manipulation of the benchmark rate. Danziger disputes the FCA's findings and feels he is being "scapegoated for the systemic ...

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First Published: Mon, January 08 2018. 19:18 IST