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RBS's (RBS) Libor fine will be £400M ($627M), Reuters reports, which is higher than the...

RBS's (RBS) Libor fine will be £400M ($627M), Reuters reports, which is higher than the $500M that the WSJ speculated yesterday, with the full details due to be announced later today. All RBS says is that it will pay "significant penalties," with CEO Stephen Hester warning of a "miserable day." Meanwhile, U.K. Business Secretary Vince Cable has revived a proposal to privatize the government's 82% stake in RBS by giving its shares away free to the public.
Comments (2)
  • Bob de'Long
    , contributor
    Comments (696) | Send Message
     
    So the government owns 82% of this criminal bank, and the officers get of Scot free (pun intended).
    6 Feb 2013, 06:09 AM Reply Like
  • fourchan
    , contributor
    Comments (80) | Send Message
     
    no big deal, ctr+p
    6 Feb 2013, 07:10 AM Reply Like
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