The Daily Telegraph reports that the Princeton University graduate quit her job on the bank’s institutional rate sales desk in the last few days. She shot to prominence in the days after Barclays was fined £290m for attempting to fix the Libor inter-bank lending rate.
The 23-year-old, well known on the New York celebrity party circuit, tweeted messages in support of her father and criticising regulators, including one which said: 'George Osborne and Ed Miliband can go ahead and #hmd'.
In the meantime, Reuters reports that a 30-year-old former Barclays Plc swaps trader in New York, who was fired from the bank in 2010, is among those drawing scrutiny from prosecutors in the deepening scandal over the manipulation of global benchmark interest rates.
U.S. prosecutors in Washington, D.C. are looking at Ryan Reich's activities while at Barclays between August 2006 and March 2010, said several people familiar with the situation, who declined to be identified because the bid-rigging investigation is ongoing.
In connection with investigations into 'various interbank offered rates, certain Citigroup subsidiaries have received additional requests for information and documents from various U.S. and non-U.S. governmental agencies, including the offices of the New York and Connecticut Attorneys General', the company said in a quarterly filing.
Finally, Reuters reports that interdealer broker ICAP said on Friday that it will discontinue a rate survey it publishes that had been meant to act as an alternative to the London interbank offered rate (Libor), due to a decline in bank participation.
ICAP launched its survey, the New York Funding Rate, or NYFR, in 2008 to address the shortcomings of Libor, which has come under increasing scrutiny since Barclays in June paid fines to U.S. and British regulators to settle charges that it manipulated the rate.