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...........as it is hit with a £68m fine in the US
Royal Bank of Scotland has been hit with a £68m fine in the United States as it paid the price for yet another scandal. The banking giant has been accused by the US Commodity Future Trading Commission of attempting to manipulate a global benchmark on a range of interest rate products. The news comes a week after RBS set aside another £3.1billion ahead of an expected fine from US authorities to cover a potential settlement over its alleged role in the mis-selling of toxic mortgage-backed securities before the financial crisis.....Read more here
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