Trader - 'A nice low (rate) for the rest of the week please, matey'


Gaming the global financial system was as easy as saying, 'please, matey', according to one former UK trader.

Lee Stewart, a former trader at the Dutch financial giant Rabobank, told a federal court jury on Thursday that traders at his bank would regularly conspire to rig the widely followed Libor interest rate simply by requesting a fraudulently high or low interest rate.

'A nice low (rate) for the rest of the week please, matey', a trader wrote to Anthony Conti, one of two Rabobank traders on trial for rigging Libor, according to an e-mail showed to the jury last week.

Hit the link below to access the complete New York Post article:

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