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Libor Traders Are Said to Avoid Charges in U.K. Probe -Bloomberg

Traders suspected of manipulating the London interbank offered rate, or Libor, are unlikely to face criminal charges in a U.K. regulatory probe, Bloomberg News reported Wednesday, citing people with knowledge of the matter. The banks that employed the traders, however, could face record fines, according to the report. Royal Bank of Scotland Group PLC (RBS.LN), UBS AG (UBS), Deutsche Bank AG (DBK.XE), and Citigroup Inc. (C) are among the institutions being investigated by regulators worldwide. U.S. Securities and Exchange Commission and Commodities Futures Trade Commission officials have been present at some interviews the U.K. Financial Services Authority are holding with traders, Bloomberg reported, citing sources. Spokesmen for the FSA, CFTC and SEC declined to comment, Bloomberg reported. Full story at http://www.bloomberg.com/news/2012-06-13/libor-traders-said-to-avoid-charges-in-british-probe.html Write to [email protected]

Stock News for Royal Bank of Scotland Grp. (RBS)
DateTimeHeadline
01/17/201711:37:00Italy Hires Banks for September 2033 BTP Syndication
01/17/201704:52:00Standard Life Investment Property Sells Office Building in Cheltenham...
01/04/201704:29:00UK Regulator Sees Competition Concerns over Mastercard, VocaLink...
12/06/201603:02:00Finance Watch -- WSJ
12/05/201604:50:00RBS Settles Dispute With Three Shareholder Groups
12/05/201604:34:00RBS Settles Dispute With Three Shareholder Groups Over 2008 Rights...
12/05/201602:56:00RBS Settles 2008 Shareholder Rights Issue Litigation
11/30/201605:13:00RBS Must Add $2.5 Billion in Capital After Failing BOE Stress...
11/30/201603:53:00RBS Must Add $2.5 Billion in Capital After Failing BOE Stress...
11/30/201603:40:00RBS, Barclays and Standard Chartered Stumble in Stress Test
11/30/201603:19:00RBS, Barclays and Standard Chartered Stumble in Stress Test
11/30/201602:33:00Royal Bank of Scotland Group PLC Statement re 2016 stress test...
11/08/201603:57:00RBS to Compensate Small-Business Customers --Update
11/08/201603:40:00RBS to Compensate Small-Business Customers
11/08/201603:20:00RBS to Compensate Small-Business Customers
10/28/201604:41:00RBS Reports Loss, Warns Low Rates Eroding Profit -- Update
10/28/201603:40:00RBS Reports Loss, to Miss Long-Term Targets
10/28/201603:07:00RBS Reports Loss, To Miss Long-Term Targets
10/26/201602:56:00CYBG Confirms Talks With RBS Over Williams and Glyn Operations
10/25/201620:11:00CYBG Makes Offer for RBS' Williams & Glyn Unit -- Update

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