FSA: 'Extensive wrongdoing' at RBS
The UK's Financial Services Authority has issued a fine of £87.5m to the Royal Bank of Scotland for its part in the Libor rate fixing scandal.
RBS has also been fined about £300m by US regulator and the US Department of Justice.
Last year Barclays and Swiss bank UBS were also fined by regulators for attempting to manipulate Libor.
- From the section Business