February 08, 2013 at 13:15 PM EST
RBS Whacks The Libor Scoundrels
What in the world is going on here? The Royal Bank of Scotland (”RBS”) actually made the scoundrels who engaged in Libor shenanigans pay for what they did!RBS, the latest bank embroiled in the Libor rate-fixing scandal, agreed to pay UK and US regulators a whopping $612 million for their role in the rate rigging. [More...]
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