Osborne: RBS behaviour 'totally unacceptable'

Chancellor George Osborne has condemned the "totally unacceptable" behaviour at RBS over the Libor rate, and insisted the taxpayer would not pick up the bill for fines.

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RBS fined £390m over Libor

The Royal Bank of Scotland has been fined £390m by the Financial Services Authority and US authorities for its role in the Libor rate-rigging scandal.