RBS Nearing Libor Settlement: Report [1]
Huff Post
Reuters | Posted: 08/24/2012 11:30 am
Updated: 08/24/2012 12:52 pm
By Matt Scuffham and Sarah White
* Settlement seen in early fourth quarter - sources
* RBS likely to be next bank to settle - sources
* RBS fine could be higher than Barclays - lawmaker
LONDON, Aug 24 (Reuters) - Royal Bank of Scotland is expected to agree a settlement in the next two months with U.S. and UK authorities investigating its role in an interest-rate rigging scandal, according to industry sources, regulatory officials and lawyers familiar with the case.
The part-nationalised bank, which is 82 percent-owned by the government, is working towards a settlement early in the fourth quarter, two of the sources said.
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