RBS Fined £390m Over Libor

What's Next In Payments®
6:40 PM EDT 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.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Poll Finds Americans Trust Banks Even Less
News
How One Thief Used 12 Credit Cards To Make One Purchase
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Mobile
Bitcoin Platforms Being Reclassified As Money Transmitters
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
Poll Finds Americans Trust Banks Even Less
News
How One Thief Used 12 Credit Cards To Make One Purchase
B2B Payments
WEX Comes Off Q3 With Strong Results
International
Transforming Payments from Cost Centers to Revenue Drivers
View All Articles ››