RBS to pay big fine over Libor scandal
(02-06 15:19)
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties'' and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.
"RBS confirms that it is in late-stage settlement discussions with these authorities,'' the Edinburgh-based bank said in a statement, AFP reports.
"Although the settlements remain to be agreed, RBS expects they will include the payment of significant penalties as well as certain other sanctions.''
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