Libor scandal makes it tougher to hire forex traders

Banks that want to expand their foreign exchange forwards business ahead of an expected pick-up in the market now face a hiring minefield laid down by the Libor rigging scandal.

"Every time we see a candidate, the first thing we want to know is whether he or she has any connection to Libor fiddling. It has made it much more difficult to hire new people. You want to identify and take on the best traders, but it's harder to do this now this scandal has leeched into our part of the industry," says