Wednesday 06, February 2013 by Robin Amlôt

Second British bank fined over LIBOR fixing, RBS pays $612 million

The Royal Bank of Scotland Group (RBS) has reached a settlement with the UK Financial Services Authority (FSA), the US Commodity Futures Trading Commission (CFTC) and the US Department of Justice (DOJ), in relation to investigations into submissions, communications and procedures around the setting of the London Interbank Offered Rate (LIBOR).

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