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Home > RBS may be bigger Libor culprit than Barclays, says MP

RBS may be bigger Libor culprit than Barclays, says MP [1]

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Submitted by Rain on Tue, 08/28/2012 - 14:00

The Guardian
Jill Kollewe, August 23, 2012

John Mann

John Mann says 'City insiders' have suggested RBS’s involvement in the Libor scandal may be 'noticeably worse' than Barclays’. Photograph: John Stillwell/PA
 

Royal Bank of Scotland [2]'s involvement in the Libor [3] rigging scandal could be worse than Barclays [4]' and may force the state-owned bank to pay a bigger fine than its UK rival, an MP has claimed.

John Mann, a Labour MP on the Treasury select committee, said "City insiders" had suggested RBS's involvement may be "noticeably worse" than Barclays'.

To read the rest of this story, visit Guardian.co.UK. [5]

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Source URL: //soundofheart.org/galacticfreepress/content/rbs-may-be-bigger-libor-culprit-barclays-says-mp

Links
[1] //soundofheart.org/galacticfreepress/content/rbs-may-be-bigger-libor-culprit-barclays-says-mp
[2] http://www.guardian.co.uk/business/royalbankofscotlandgroup
[3] http://www.guardian.co.uk/business/libor
[4] http://www.guardian.co.uk/business/barclay
[5] http://www.guardian.co.uk/business/2012/aug/23/rbs-libor-barclays-mp
[6] //soundofheart.org/galacticfreepress/type-post/galactic-free-press/freedom-project