Royal Bank Of Scotland To Pay £29M Price-Fixing Fine

Law360, New York (March 30, 2010, 2:34 PM EDT) -- The Royal Bank of Scotland Group PLC has agreed to pay a fine of £28.6 million ($43 million) after admitting its employees disclosed pricing information to their counterparts at Barclays PLC.

The U.K. Office of Fair Trading said Tuesday that the fine was reduced from £33.6 million ($50.6 million) because RBS admitted to the conduct, which occurred between October 2007 and February or March 2008, and agreed to cooperate with the investigation.

“Any company that discloses confidential future pricing information to its competitors risks a substantial...
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