RBS could face £500m fine over role in Libor rate-rigging

The bank is still locked in negotiations with regulators in the US and UK over the exact scale of a settlement likely to be announced next week, the Daily Mail reports. But sources familiar with the situation said they expected the fine to fall within the ‘ballpark' range of £400m to £500m. US regulators will take the lion's share of the penalty, because the offences took place before the UK's Financial Services Authority introduced a stiffer tariff of fines in March 2010. The settlement will be accompanied by the release of emails likely to prove embarrassing for the taxpayer-owne...