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RBS set for £350m Libor fine

Royal Bank of Scotland is set for a £350m fine for its role in the Libor rate-rigging scandal.

RBS Branch 480

According to The Sunday Times, the bank is going to settle with US and European regulators early next month.

The fine will exceed the £290m penalty faced by Barclays in June but is lower than the £620m UBS is expected to face from regulators.


Roger Edwards

Keep Christmas spending in check

Christmas spending is expected to hit £29 bn this year, which is good news for retailers but not for people who end up going into debt to fund the festivities. Whipped into a frenzy by festive adverts and fuelled by the children’s overwhelming excitement of Santa’s arrival we’re all guilty of getting carried away and […]

Steve Payne

Sleep better with critical cover

According to the Centre for Economics and Business Research there will be fewer housing transactions this year than there were in 2011. This is not completely surprising as it is well documented that a large number of people in the UK are financially challenged at the moment. Taking out a mortgage can be extremely time-consuming […]

Life after the CML

By Roy Armitage, head of credit at LendInvest Last month saw three-quarters of the membership of the Council of Mortgage Lenders (CML) vote in favour of plans to create a super-trade body, which would see the CML merge with the likes of the British Bankers’ Association and Payments UK. There is little room for misty-eyed […]


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