RBS Fined $612m For Rate Rigging
612 million dollars. The fine Royal Bank of Scotland has to pay US and UK regulators for its role in the Libor interest rate-rigging scandal. More than a dozen traders in the UK, US and Asia manipulated the loan pricing rate from at least 2006 until 2010. The head of RBS' investment bank John Hourican agreed to leave after the misconduct of staff was uncovered. And RBS was only able to keep its US banking license by promising not to step out of line again.
Featured Articles
Ads By Google
Clickable Content
Thousands participate in Highmark Walk for a Healthy Community
The 2013 Highmark Walk for a Healthy Community benefits 68 health and service organizations and was held at Stage AE.
- Video: Paul McCartney kicks off tour in Orlando (WFTV)
- Institute offers seminar on how to start pot business (KIRO)
- Do you live in one of the country's most dangerous cities?
- Week in photos
- Contestants participate in a scavenger hunt for a chance to win tickets to 'The Voice'
- Hundreds meet under Kaufmann’s Clock to celebrate 100 years of tradition
- Meet the Pittsburgh Zoo’s new baby tiger cub
- Hilarious wedding photos
- Celebrity photos, May 2013
- Ruff! What dogs are really thinking
- Funny cat photos; Even funnier captions
From Our News Partners
WPXI TXTL8R Campaign
WPXI is partnering with local businesses to distribute TXTL8R thumb bands designed to remind drivers to "text later!"
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}