Royal Bank of Scotland Group will pay $100 million (£61 million) to resolve US investigations into whether the bank violated sanctions laws against Iran, Sudan, Burma and Cuba, US authorities said.
ITV News Business Editor Laura Kuenssberg says:
And so it continues... RBS agrees to pay a 100 m dollar fines in US sanctions probe.....
Reuters says RBS fined over sanctions relating to Iran, Burma, Sudan and Cuba
RBS says fine relates to controls on dollar payments in the UK that it flagged to American authorities in 2010
The bank entered into agreements with the US Federal Reserve, the US Treasury Department and the New York State Department of Financial Services, Reuters reported.
More top news
Thunderstorms clear the North, leaving a dry and warm day with sunny spells.
Kelvin Dennison is said to have rolled into a Santander bank in New York last week and told staff "give me all you have".
Local authorities outside London want the power to fine vehicle owners if someone drops litter from their car.