... One of main catalysts for PIF saga;
Royal Bank of Scotland fined $610m in Libor probe
Date February 7, 2013 - 6:37AM
State-rescued Royal Bank of Scotland will pay fines totalling $US612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
RBS, which is 81-per cent owned by the government, said it has agreed to pay the equivalent of £391 million to regulators, becoming the third bank to admit its part in the Libor affair after British rival Barclays and Swiss lender UBS.
Read more: http://www.theage.com.au/business/world-business/royal-bank-of-scotland-fined-610m-in-libor-probe-20130207-2dzht.html#ixzz2K9PNeogS
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