RBS has identified 21 people involved with LIBOR rigging – and yet it seems more than half are still there. How come?
Half of 21 is 10.5.
Of those 21 here’s the disposition of the cases:
Here’s the breakdown:
• Six staff have been dismissed for LIBOR related misconduct, including two managers.
• Six have been severely disciplined or are going through a disciplinary process.
• Eight left the organisation before disciplinary action could be taken.
• One was dismissed for misconduct not related to these findings.
Wouldn’t it be nice if one of the country’s leading international and corporate tax experts could count?
Do note that the second set of information comes from the same blog post that is headlined as at the top. It’s not that he didn’t know this, it’s that he cannot count.