RBS fined $612 million for Libor rigging

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Royal Bank of Scotland (RBS) has been fined $612 million for its involvement in Libor manipulation.

It will pay £87.5 million, the equivalent of approximately $137 million, to the UK's Financial Services Authority (FSA), $150 million to the US Department of Justice, and $325 million to the US Commodity Futures Trading Commission (CFTC). RBS Securities Japan has also agreed to plead guilty to a criminal charge of wire fraud.

John Hourican, chief executive of the markets and international banking

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