RBS Fined £390m Over Libor
Both US and UK authorities have ruled on RBS’ involvement in the rigging of the Libor rate. The US regulators fined the bank for about £300m, while the UK’s Financial Services Authority settled for £87.5m. The fine amounts to £100m more than Barclays’ fine last year.
Please send all press releases and story ideas to Ben Carsley at email@example.com.