Royal Bank of Scotland to pay $612M in ongoing rate-rigging scandal

, The National Law Journal


The Royal Bank of Scotland is the latest megabank to be implicated in the ongoing interest rate-rigging scandal, agreeing on February 6 to pay fines totaling $612 million.

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What's being said

  • Timothy E. Morgan

    Why has no one bothered to estimate how much each bank profited from this market manipulation. Only by doing so can one determine whether the fines were sufficient to provide a disincentive. You don't split the pot with a thief.

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