RBS To Pay $612M Over Libor Manipulation

Law360, New York (February 6, 2013, 10:32 AM EST) -- Royal Bank of Scotland PLC reached a deal Wednesday to pay $612 million to U.S. and U.K. regulators over accusations that the British bank was involved in rigging the Libor, the third bank to reach such a deal in the wake of the global scandal.

RBS agreed to pay a $325 million civil penalty to the U.S. Commodity Future Trading Commission. Subsidiary RBS Securities Japan Ltd. also plead guilty to felony wire fraud as part of a deferred prosecution deal with the U.S. Department of Justice...
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