Cable to disqualify RBS Bankers!
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Re: Cable to disqualify RBS Bankers!
LONDON (Reuters) - Royal Bank of Scotland is facing a fine of between 200 million pounds and 300 million pounds for its role in a global interest rate rigging scandal, the Financial Times reported on Saturday without citing sources.
The FT said part-nationalised RBS is facing similar penalties to Barclays , which paid 290 million pounds in fines having agreed a collective settlement in June with United States and UK authorities over attempts to manipulate the Libor interbank rate.
Reuters reported on August 24 that RBS was expected to reach a similar agreement within the next two months.
However, a deterioration in the relationship between regulators on either side of the Atlantic could result in RBS settling first with Britain's Financial Services Authority before reaching separate deals in the U.S, the FT reported.
Sparkie
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