August 20, 2014

RBS Libor fines could come from FSA as well as USA

RBS’s fines for its alleged role in interest-rate rigging relating to Libor could come from both the UK and US authorities, the Sunday Telegraph is reporting today.

The paper notes that the troubled bank could face a ‘double hit’ in terms of fines from authorities in both countries separately.

This news will come as a blow to the bank who was hoping to strike up a unified deal between both authorities

 

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