Royal Bank of Scotland may face £500m fine and criminal charges in rate-rigging scandal

Royal Bank of Scotland (RBS) is expected to face criminal charges and a £500m fine for its role in the Libor rate-rigging scandal today.

Royal Bank of Scotland may face £500m fine and criminal charges in rate-rigging scandal
Wed, 06 Feb, 2013 - 07:20

Royal Bank of Scotland (RBS) is expected to face criminal charges and a £500m fine for its role in the Libor rate-rigging scandal today.

The bank is likely to announce the settlement with the UK's Financial Services Authority (FSA) and American regulators, a day after it emerged investment banking boss John Hourican is to step down.

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