RBS Fined £390m Over Libor

What's Next In Payments®
6:40 PM EST February 6th, 2013

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.

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