TITLE

Hester: RBS faces big fine over Libor scandal

AUTHOR(S)
Salih, Chris
PUB. DATE
July 2012
SOURCE
Mortgage Strategy (Online Edition);7/30/2012, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Royal Bank of Scotland (RBS) may face a huge fine over the Libor scandal and may also set a further 100 million British pounds provision for misselling of payment protection insurance and 100 million British pounds to cover the costs with respect to the information technology (IT) problems it suffered in June 2012. The size of the fine is still unknown as the investigation by the Financial Services Authority is still in process.
ACCESSION #
78309246

 

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