The LIBOR fixing scandal has just opened up a new chapter. US regulators are charging three former Rabobank traders with fixing the yen LIBOR to benefit themselves and their associates who trade in derivatives effected by benchmark interest rates, report Patricia Hurtado and Tom Schoenberg for Bloomberg.
Paul Robson (former senior trader at the money markets and short term forwards London desk), Paul Thomspon (former head of money market and derivatives trading for Northeast Asia), and Tetsuya Motomura (former senior trader at the Tokyo desk) were charged with multiple counts of wire and bank fraud.
Traders allegedly...
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