Libor scandal: RBS issued £390m fine

Name: Libor scandal: RBS issued £390m fine
Uploaded: 2013-02-06T13:40:15.000Z
Duration: 2 min 53 s
Description: Royal Bank of Scotland has been fined £390m ($610m) by UK and US regulators for its part in the Libor rate-fixing scandal.

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Royal Bank of Scotland (RBS) has been fined £390m ($610m) by UK and US regulators for its part in the Libor rate-fixing scandal.

The UK's Financial Services Authority issued a fine of £87.5m, while about £300m will be paid to US regulators and the US Department of Justice.

Hugh Pym reports.

Business

6 February 2013