RP Martin Said To Suspend Two Executives Amid Libor Probe

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RP Martin suspended its chief executive officer and a senior director almost six months after two employees were arrested as part of the probe into Libor, two people with knowledge of the matter said

Bloomberg reports that CEO David Caplin, 52, commonly known as “Mustard,”according to the U.K’s Financial Services Register, and Alan Farnan, a director at the firm, have been placed on leave, said the people who asked not to be identified.

They declined to give details of what triggered the suspensions.

Two brokers who worked at RP Martin were arrested in December by the U.K. Serious Fraud Office as regulators probed allegations that firms rigged the London interbank offered rate (LIBOR).

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RP Martin Said to Suspend Two Executives Amid Libor Probe

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