RBS close to 350 mln stg Libor settlement - paper
LONDON Dec 16 (Reuters) - Royal Bank of Scotland is braced for a penalty of more than 350 million pounds ($564 million) for its role in a global interest rate rigging scandal, the Sunday Times newspaper reported, without citing sources.
The British newspaper said part state-owned RBS is nearing a deal with regulators in Europe and North America over its part in the Libor interest rate rigging scandal, and is expected to agree a settlement early next month.
RBS declined to comment.
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- Divided, Scots prepare to vote on fate of the United Kingdom |
- Fed renews zero rate pledge, but hints at steeper rate hike path |
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Islamic State campaign tests Obama's commitment to Mideast allies