RBS to pay $612 million in Libor fines to US, UK
WASHINGTON Feb 6 (Reuters) - Britain's Royal Bank of Scotland Group Plc settled charges it had manipulated the Libor interest rate benchmark, the top U.S. derivatives regulator said, paying fines totaling $612 million to three regulators in the UK and the United States.
The bank neither admitted nor denied its findings, the Commodity Futures Trading Commission (CFTC) said, but a unit in Japan agreed to plead guilty to a criminal charge of wire fraud.
The bank will pay $325 million to the CFTC, $150 million to the U.S. Department of Justice, and 87.5 million pounds ($137.10 million) to the Financial Services Authority.
- Tweet this
- Share this
- Digg this
- Putin says Russia not isolated over Ukraine, blames West for frosty ties
- UK troops in largest armoured deployment in Eastern Europe for six years
- India approves $2.6 billion mounted gun purchase - official
- France's Sarkozy wants EU to lose half its powers
- Gasquet to face Federer in Davis Cup singles