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Canada: Competition Bureau said RBS made ‘false’ statements regarding investigation

By  |  November 14, 2012

Canada’s Competition Bureau has accused the Royal Bank of Scotland Group PLC of making “false” statements regarding RBS’s compliance with antitrust investigations into the bank’s interest-rate setting. RBS had said it was “co-operating fully” with the investigation earlier this month; the Competition Bureau, however, says this is not the case. No banks have been charged in the investigation that is looing into whether the banks fixed interbank lending rates.

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