RBS Libor Settlement Faces Delays
Huff Post - Matt Scuffham and Steve Slater, 10/5/12
* Deal now unlikely until late 2012/early 2013 - sources
* Regulators at different stages of investigation - sources
* Bank had hoped for settlement in early Q4 - sources
LONDON, Oct 5 (Reuters) - Royal Bank of Scotland faces a delay in reaching a settlement over its role in the Libor interest rate rigging scandal because of difficulties agreeing a deal wi t h all the regulators involved, finance industry sources said.
The British bank is eager to draw a line under the affair and refocus attention on its recovery. The bank was partly nationalised during the financial crisis in a 45 billion pound rescue by the UK government.
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