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RBS Pays Big Fine, Pleads Guilty to Wire Fraud Over Libor Case; DOJ Versus S&P

FEB 6, 2013 9:23am ET

Receiving Wide Coverage ... And RBS Makes Three: Royal Bank of Scotland has reached a settlement with U.S. and U.K. regulators over its involvement in the Libor rate-rigging scandal. The settlement includes a combined $612 million fine. As previously speculated, RBS' Japanese unit pled guilty to criminal wrongdoing. Per Dealbook, this involves "a single count of felony wire fraud to settle the case." John Hourican, the head of RBS's investment bank, resigned as part of the…

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