RBS (RBS) expects to pay "significant penalties" and suffer "other sanctions" in a settlement...

|By:, SA News Editor

RBS (RBS) expects to pay "significant penalties" and suffer "other sanctions" in a settlement with British and American authorities over its manipulation of Libor rates. The sides are in "late-state" talks, although the "settlements remain to be agreed." Media reports say RBS will have to pay $500M. Shares +1% in London. (PR)