Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates

Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates

Munshi Ahmed/Bloomberg

ING Groep NV, Royal Bank of Scotland Group Plc and UBS AG were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate, swap offered rates and currency benchmarks in the city-state, the Monetary Authority of Singapore said in a statement.