Could this be the end of RBS CEO Stephen Hester

[barney15c]

After the debarcle of the RBS IT crash in which Hester wasn't being entirely truthful as to what has caused it, they are now embroiled in the LIBOR scandal where Barclays have been implicated. Remember if this is found to be true then any fines will have to be stumped up by the British Taxpayer. OK this did not happen on his watch but he would have been aware of the FSA investigation when he became CEO, where he could have walked away. does this make his position untenable???

[lcg]

i doubt it...he seems to be made of teflon.....

[SIRandyraven]

Shock horror !
Dealers manipulating market for gain.
Been happening for years and years , in fact decades.
Biggest shock is that the FSA are making an example of it now ?

Sell short ...bad mouth shares into a fall.

[stokemaveric]

there will only be 1 loser as a result of all this...yes thats right the consumer... just a .% difference to the libor rate made the banks billions of pounds and along with it millions of pounds worth of trader bonuses all the banks shares are falling like a stone,there will be more banks embroiled in this and will be fined millions of pounds too, therefore they will not be loaning cash to business or consumers..this will affect the ''recovery'' of the uk...we are heading for another recession on a scale that has not been known for years..and its the banks fault...