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RBS is in talks with the U.K.'s Financial Services Authority to settle allegations about its...

  • Sunday, September 9, 2012, 4:34 AM ET
    RBS is in talks with the U.K.'s Financial Services Authority to settle allegations about its involvement in the Libor scandal, Bloomberg reported yesterday. The bank will probably have to pay more than the £290M that Barclays agreed to pay for its role. UBS is also in negotiations with authorities in the U.S. and U.K. over resolving Libor allegations.
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    How does one get those deals where they can make billions in profits from illegal and fraudulent activities, pay only millions in settlements, and never have to worry about criminal prosecution? Is it any wonder this type of conduct is so widespread now?
    9 Sep 2012, 07:53 PM Reply Like
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