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RBS could face Libor fines, admits Hester
Independent – The Royal Bank of Scotland’s chief executive, Stephen Hester, warned yesterday that the bank could face fines rivalling those Barclays was forced to pay in the wake of the rate-fixing scandal. He said that the taxpayer-backed bank was being probed as part of the Financial Services Authority (FSA) investigation into the rigging of the Libor. Barclays lost three executives and faces a £290m fine. Read Article
Tags: banks, crime law, Europe, financial system
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