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2012-08-27 — reuters.com
``Tan was sacked from his Singapore-based role as head of delta trading for the bank's Global Banking & Markets division in November 2011 for trying to improperly influence the bank's rate setters. Delta trading involves using derivatives to mirror the price moves in a basket of securities.
In papers dated August 10, Tan says the information omitted from the minutes includes reference to a conversation from March 2008 about the submission of Libor rates. Tan claimed that a trader for the bank, Will Hall, changed the Libor submission himself even though he was part of the Japanese yen swap desk in London.'' source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |