US Pushing For RBS To Enter Libor Guilty Plea

Law360, New York (January 29, 2013, 2:11 PM EST) -- U.S. regulators are reportedly pushing Royal Bank of Scotland PLC to allow one of its units to plead guilty as part of a forthcoming settlement of allegations that the British bank was involved in rigging the London interbank offered rate.

The Wall Street Journal, citing unnamed sources, reported Tuesday that RBS is resisting the U.S. Department of Justice's efforts to get one of its units to plead guilty to Libor-rigging while the bank pays a fine that could come in at around $790 million. The settlement...
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