RBS Says It Expects Fines Over Libor-Rigging Scandal

Law360, New York (November 2, 2012, 1:19 PM EDT) -- The Royal Bank of Scotland Group PLC said Friday that it expected to pay fines related to an investigation into allegations of rigging of the London Interbank Offered Rate, making it the latest major bank to reveal such potential fines.

RBS revealed that the U.S. Commodity Futures Trading Commission, the U.K. Financial Services Authority and the U.S. Department of Justice's Fraud Division were investigating the British bank's role in alleged rigging of the key benchmark interest rate, which has already seen Barclays PLC pay an approximately...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.