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

|By:, SA News Editor

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.