RBS fined $612 million for rate rigging (2:19)
Feb. 6 - British state-owned bank Royal Bank of Scotland has to pay US and UK regulators around $612 million for its role in the Libor interest-rate rigging scandal. CEO Stephen Hester avoided a political firestorm by saying the bank's profits would be used to pay the fines. Joanna Partridge reports. ( Transcript )
Hard-edged reporting, insight and analysis, Reuters TV breaks ground creating informative news and financial videos. Showcasing Reuters’ 3000 award-winning journalists, Reuters TV delivers high-energy investigative journalism with concise explanations. Check it out and let us know what you think.