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Johnny Green/PA Wire

RBS traders fired months ago over rate-fixing - report

Revelation comes after RBS confirmed it is one of the banks being investigated over manipulation of inter-bank lending rates.

FOUR TRADERS FROM the Royal Bank of Scotland were sacked at the end of 2011 for their role in fixing inter-bank interest rates, sources said today.

The revelation comes after the state-rescued RBS confirmed it was being investigated for manipulating the rates at which banks lend to each other.

RBS, which is 82 per cent owned by the government, declined to comment when contacted by AFP.

Britain will hold a review into the setting of benchmark inter-bank interest rates and seek to criminalise rate-fixing, the Treasury finance ministry said Saturday, following a scandal at major lender Barclays.

The independent review aims to restore trust in Libor, a key benchmark reference rate that influences a swathe of other borrowing costs, after Barclays was hit with a record fine of £290 million for attempted manipulation.

- (c) AFP, 2012

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    Mute Dessie Curley
    Favourite Dessie Curley
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    Dec 1st 2016, 7:05 AM

    It was burning. ‘She later used it a second time’. I put my hand in the fire. It burned. I took it out and ran it under a cold tap. I thought this was normal. I stick my hand in again. I s*^t you not. It started to burn again

    235
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    Mute Alan Kennedy
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    Dec 1st 2016, 12:48 PM

    @Dessie Curley: Given the product was a chemical skin peel it would be reasonable to expect some sensation.

    Also, you know if you stick your hand in a fire you’ll be injured. It’s a reasonable expectation that of a expert you have paid recommends a product to you that it won’t cause extensive and lasting skin damage.

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    Mute Drew TheChinaman :)
    Favourite Drew TheChinaman :)
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    Dec 1st 2016, 6:46 AM

    Every last one of these cosmetic products carry a warning on the packet to ‘apply a test patch’ or ‘discontinue use if skin irritation occurs’ not that isn’t just basic common sense…

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    Mute Cheeky Charlie
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    Dec 1st 2016, 7:26 AM

    With company out of business – who pays the €37K. Genuine question.

    161
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    Mute Drew TheChinaman :)
    Favourite Drew TheChinaman :)
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    Dec 1st 2016, 7:58 AM

    Retroactive claim from the liability insurance policy held by the business at the time of the incident.

    They wouldn’t bother suing a wound down Ltd. company and joining the list of creditors.

    72
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    Mute john Appleseed
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    Dec 1st 2016, 7:26 AM

    But she didn’t have a facial. She opted for a chemical peel that works by burning off the top layers of your skin. BURNING OFF. Total rubbish. She didn’t deserve a penny.

    124
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    Mute Ciaran O Shea
    Favourite Ciaran O Shea
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    Dec 1st 2016, 8:15 AM

    The beauty therapist told her she had sensitive skin and then recommended the product. Clearly at fault. The amount awarded seems high to me though.

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    Mute Get Lost Eircodes
    Favourite Get Lost Eircodes
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    Dec 1st 2016, 8:43 AM

    Saw a photo of her on another site. Poor woman looks destroyed :)

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    Mute Tammylee Murphy
    Favourite Tammylee Murphy
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    Dec 1st 2016, 12:17 PM

    about 20% of white Irish women have rosacea. I could have an extra 35k now if only I’d the cop on!!! Was the Groupon facial!

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    Mute Tom the Bomb
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    Dec 1st 2016, 12:44 PM

    Exactly – if she’d been diagnosed with contact dermatitis or some allergic response I’d say fair enough, but rosacea is a common condition of unknown cause.

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    Mute Alan Kennedy
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    Dec 1st 2016, 12:49 PM

    @Tom the Bomb: A common condition which she didn’t have before she used the recommended product.

    26
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