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Nice Libor! The staggering secret RBS messages
by Sarah Miloudi on Feb 06, 2013 at 15:51
Yen Trader 1: Asked to speak to me about the low 6m rate...not just to make sure I was happy with it.
But despite this warning sound, traders at the bank continued to manipulate Libor and even used sushi as a bartering tool:
December 4, 2008:
Swiss Franc Trader: Can [you] put 6m swiss Libor in low please?
Primary Submitter: No.
Swiss Franc Trader: Should have pushed the door harder.
Primary Submitter: What's it worth?
Swiss Franc Trader: I've got some sushi rolls from yesterday?
Primary Submitter: Ok low 6m , just for you.
Swiss Franc Trader: Wooooooohooooooo.
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