Four RBS employees sacked

Taxpayer-backed Royal Bank of Scotland (RBS) sacked four of its traders at the end of last year over their alleged role in the Libor-fixing scandal, sources said today.

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RBS sacked four traders over alleged Libor-fixing, sources say

Royal Bank of Scotland sacked four of its traders at the end of last year over their alleged role in the Libor-fixing scandal, sources said. Two of the traders were removed from their posts in October and a third the following month. RBS has not commented on the sackings.

The revelation comes after the bank confirmed it is being investigated for manipulating the rates at which banks lend to each other.

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