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RBS (RBS) is reportedly nearing an agreement with U.K. and U.S. regulators to pay...

RBS (RBS) is reportedly nearing an agreement with U.K. and U.S. regulators to pay £500-600M to settle allegations that it manipulated inter-bank interest rates, with an announcement possible on Tuesday. The sides are still negotiating key details, including whether RBS will admit a criminal charge. U.K. finmin George Osborne wants the bank to pay any penalties out of its bonus pool.
Comments (5)
  • Bob de'Long
    , contributor
    Comments (698) | Send Message
    It's the weekly story: bankers get off free by paying sharholders money!


    Banks don't commit crimes; bank officers commit crimes. Giving away sharholders' money as a payment (bribe) to government is not enought.


    Prisons terms, heavy personal fine, forfieture of pensions, and life-long band from any finanical jobs or deals is required.
    3 Feb 2013, 06:00 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2061) | Send Message
    Dreams, dreams...bankers are one of the three Triumvirate in power, the other two being Bureaucrats and Politiicians. You voice is lauded but sadly it is wasted, as always.
    3 Feb 2013, 04:22 PM Reply Like
  • june1234
    , contributor
    Comments (2692) | Send Message

    According to an article in Bloomberg as of June 2012there were $639 trillion worth of swaps out there. I doubt they even have 1% on hand to cover if anything goes wrong like it did in 2008 with those CDSs.
    3 Feb 2013, 07:22 AM Reply Like
  • marketwatcher23
    , contributor
    Comments (1004) | Send Message
    The important thing is that the banks get taken care of.
    3 Feb 2013, 09:30 AM Reply Like
  • fourchan
    , contributor
    Comments (80) | Send Message
    4 Feb 2013, 06:27 AM Reply Like
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