Traffic map
Article updated: 2/6/2013 1:58 PM

RBS hit with $600 million LIBOR fine

Buy this photo Buy this photo
Gallery Image

People walk by a branch of Royal Bank of Scotland (RBS) in the City of London.

Associated Press/Aug. 3, 2012

About this Article

RBS joins Barclays of the U.K. and UBS of Switzerland to have been found to have rigged the London interbank offered rate, or LIBOR. This is the rate that banks use to lend money to each other and provides the basis for trillions of dollars in contracts around the world, including mortgages, bonds and consumer loans.
Galleries by Category

Latest Galleries

    next prev