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RBS fined $612m for rate rigging

Reuters Business
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February 06, 2013 AT 12:03 PM
British state-owned bank Royal Bank of Scotland has to pay US and UK regulators around $612 million for its role in the Libor interest-rate rigging scandal. CEO Stephen Hester avoided a political firestorm by saying the bank's profits would be used to pay the fines. Joanna Partridge reports