RBS Said to Suspend European Rates Trading Head in Libor Probe
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Royal Bank of Scotland Group Plc suspended its head of rates trading for Europe and the Asia-Pacific region, the first senior manager to be put on leave as part of the lender’s probe into allegations of Libor-rigging, two people with knowledge of the move said.
Jezri Mohideen was suspended on Oct. 12 after Bloomberg News reported he instructed colleagues to lower the British lender’s submission to the London interbank offered rate in 2007, said the people, who asked not to be identified because the matter is private. Mohideen, who didn’t respond to e-mail and telephone messages today, has previously denied he pressured anyone to submit false rates.