'What's it worth?': Read the Bloomberg chats that got a former RBS Libor trader banned for life

Former RBS Libor submitter Paul White was banned from "any regulated financial activity" by the UK's markets watchdog for attempting to manipulate the Libor rate to benefit traders.

White avoided being slapped with a £250,000 ($358,000) fine on Tuesday due to his "serious financial hardship."

White was the main RBS submitter for Japanese Yen and Swiss franc Libor - benchmarks that tracks how much it costs banks to borrow from one another in different currencies - between 2007 and 2010.

He received "68 documented requests" from traders to alter his submissions to benefit their trading positions, according to the FCA.

Mark Steward, director of enforcement and market oversight at the FCA said: "By allowing his submissions to be set, in effect, by those with collateral financial interests in the outcome, Mr White recklessly disregarded the risk - the obvious risk - that his LIBOR submission might corrupt LIBOR's integrity."

While a lot of the requests were spoken because he sat next to a Swiss franc trader for a time, some made it onto the Bloomberg messaging system and were used as evidence by the FCA to support the ban.

Here is a choice selection.