Libor scandal: RBS fined £390m

Royal Bank of Scotland (RBS) has been fined £390m ($610m) by UK and US authorities for its part in the Libor rate-fixing scandal.

The UK's Financial Services Authority issued a fine of £87.5m, while about £300m will be paid to US regulators and the US Department of Justice.

The fines are £100m greater than those issued to banking rival Barclays last year for similar offences.


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