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Royal Bank of Scotland is facing a fine of between 200 million pounds and 300 million pounds ($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-nationalized RBS is facing similar penalties to Barclays, which paid 290 million pounds in fines having agreed a collective settlement in June with United States and UK authorities over attempts to manipulate the Libor interbank rate.
(Source: hearourhorror)
