- From:The Sunday Times
- December 17, 2012
ROYAL Bank of Scotland is braced for a penalty of more than pound stg. 350 million ($535m) for its role in the global interest-rate-rigging scandal.
The British taxpayer-controlled bank is understood to be nearing a deal with regulators in Europe and North America over allegations that some of its staff manipulated Libor, the benchmark international borrowing rates.
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