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URGENT ¥¥¥ RBS banks says to pay 'significant penalties' over Libor

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(Globalpost/GlobalPost)

Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.

"RBS confirms that it is in late-stage settlement discussions with these authorities," the Edinburgh-based bank said in a statement.

"Although the settlements remain to be agreed, RBS expects they will include the payment of significant penalties as well as certain other sanctions."

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http://www.globalpost.com/dispatch/news/afp/130206/urgent-rbs-banks-says-pay-significant-penalties-over-libor