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As part of a settlement in the Libor-rigging case, the U.S. wants a RBS unit to plead guilty to...

As part of a settlement in the Libor-rigging case, the U.S. wants a RBS unit to plead guilty to criminal charges in addition to a hefty fine, according to sources. RBS execs are worried a guilty plea could cost it business, but U.S. regulators note a UBS unit pled guilty to similar charges in December with nary a market reaction.
Comments (1)
  • Who gets the "hefty fine"? The people who were hurt by the supposed action. No. The US government. This is nothing more than a shakedown unless the people who lost money are paid back.
    29 Jan 2013, 12:02 PM Reply Like
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