RBS - Royal Bank of Scotland

RBS Fined $612 Million in Rate-Rigging Scandal

The global investigation into the manipulation of interest rates has led to a third major bank facing significant fines and worldwide embarrassment. Today, Britain’s Royal Bank of Scotland was fined £390 million or $612 million for rigging the London Interbank Offered Rate, commonly known as Libor. Investigators found that RBS traders in London, Singapore and