Bond-rigging trader fined £662k

Press Association
Updated
Bank of England, Threadneedle St, London. Long exposure showing London bus passing in foreground
Bank of England, Threadneedle St, London. Long exposure showing London bus passing in foreground

%VIRTUAL-SkimlinksPromo%A former Credit Suisse trader who saw the Bank of England's quantitative easing programme (QE) as "cake" to profit from has been fined nearly £700,000 by the City regulator after rigging the price of UK bonds.

Mark Stevenson was also banned from the industry by the Financial Conduct Authority (FCA) after his attempt to exploit QE - a £375 billion programme intended to help nurse the economy back to health.

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