RBS faces over $600 million fine for rate rigging – sources
LONDON (Reuters) – Royal Bank of Scotland will be hit with fines of almost 400 million pounds ($627 million) on Wednesday for its role in a global interest-rate rigging scandal, sources familiar with the situation said. That will be the second-largest penalty so far in an international investigation involving over a dozen banks, and will heap embarrassment on a lender that had to be bailed out by British taxpayers at the height of the 2008 financial crisis. . . .
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