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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.

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RBS fined £390m over rate-rigging scandal

The Royal Bank of Scotland was humiliated by financial watchdogs today, who fined it nearly £400 million pounds for rigging a key interest rate.

Incredibly, traders continued their deception and collusion, two years after it was bailed out by taxpayers and after regulators had begun their investigation.

ITV News Business Editor Laura Kuenssberg reports:

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