View the article online at http://citywire.co.uk/new-model-adviser/article/a646068
RBS faces £350m fine over Libor scandal
by Daniel Grote on Dec 17, 2012 at 07:36
The paper said it understood the bank was negotiating with regulators in Europe and North America over a penalty following allegations some of its staff attempted to manipulate Libor. It said the fine was likely to exceed the £290 million paid by Barclays over Libor rigging.
But it added that the fine would not be announced until the penalty for UBS, thought likely to exceed $1 billion (£620 million) is announced.
RBS declined to comment to the paper.
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