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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.

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