Royal Bank of Scotland is facing a fine of between £200 million and £300 million ($481 million) for its role in a global interest rate rigging scandal, the Financial Times reported on Saturday without citing sources. The FT said part-nationalised RBS is facing similar penalties to Barclays, which paid £290 million in fines having agreed a collective settlement in June with United States and UK authorities over attempts to manipulate the Libor interbank rate. Reuters reported on August 24 that RBS was expected to reach a similar agreement within the next two months. However, a deterioration in the relationship between regulators on either side of the Atlantic could result in RBS settling first with Britain's Financial Services Authority before reaching separate deals in the U.S, the FT reported. That could result in RBS settling first with the FSA for a share of the overall cost then negotiating the rest with other regulators, the FT said. It gave an example of £50 million as the size
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