RBS laments 'sad day', accepts £400m fine in rate-fixing scandal

Ulster Bank parent Royal Bank of Scotland is to pay nearly £400m to regulators in the US and UK to settle its involvement in the Libor-rigging scandal.

RBS has agreed to pay the UK's Financial Services Authority £87.5m, the United States Commodity Futures Trading Commission $325m and the US Department of Justice $150m for Libor fixing.