Provider: Zacks Investment Research Inc.
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
RBS reaches settlement with European Commission
Royal Bank of Scotland Group PLC:Says has reached a settlement with the European Commission in relation to competition law breaches concerning certain interest rate derivatives referenced to the London Interbank Offered Rate based on Japanese Yen (Yen LIBOR) and the Euro Interbank Offered Rate (EURIBOR).Says RBS was one of seven banks and brokers implicated in respect of Yen LIBOR competition infringements and has agreed to pay a settlement penalty of 260,056,000 euros to resolve the investigation.Says RBS was also one of seven banks implicated in the EURIBOR competition infringement and has agreed to pay a settlement penalty of 131,004,000 euros to resolve the investigation.Says both payments are covered by provisions already made by RBS.
Latest Developments for Royal Bank of Scotland Group PLC
- Royal Bank of Scotland Group plc announces $2.25 bln tier 2 transaction
- Royal Bank of Scotland Group sells stake in Societe Fonciere Lyonnaise
- WEKO investigates Royal Bank of Scotland Group PLC over potential collusion to manipulate foreign exchange rates - Reuters
- Royal Bank of Scotland Group PLC investigated in New York currency trading probe-Reuters
- Share this
- Digg this