RBS Libor fines to be paid from bonuses - Stephen Hester


Royal Bank of Scotland will pay £300m of its £390m fine for its part in the Libor fixing scandal from bonuses.

Chief executive Stephen Hester told BBC News that all those involved in had been dealt with, and the bank was moving on from its troubled legacy.

RBS is facing a fine from the UK's Financial Services Authority of £87.5m, while about £300m will be paid to US regulators and the US Department of Justice.

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