RBS Pays $100M to Settle Sanctions Probe

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Dec. 12 (Bloomberg) –- Bloomberg’s Jonathan Ferro reports on the fine RBS will pay to settle accusations that its employees or executives concealed information about transactions involving parties in sanctioned nations. He speaks to Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

They're accused of supporting regimes in iran and cuba.

$100 million, this is real compared to some of the ones we've seen.

This is a drop in the ocean for something very similar.

Valued at 500 $23 million.

In the summation about this, they did not disclose or actively hid in rbs payment saying that here in the uk there are written this -- instructions on how to evade detection.

They've been accused of being business with these countries under sanctions and actively trying to hide it.

It's been friday december in terms of the headlines.

Customers lose access to their accounts and the ceo has stepped down.

They have come out to say that they have deep regrets for the oversight failures.

He owns 81% of the bank and it is one that probably want to sell at some point.

You think they have serious questions to ask the management.

Coming up, digging into russia's entre to online

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