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RBS Said to Be Probed by U.S. Regulators Over Iran Sanctions

Royal Bank of Scotland Group Plc, Britain’s biggest taxpayer-owned lender, is being probed by the Federal Reserve and Justice Department over whether it violated sanctions against Iran, two people briefed on the talks said.

The investigation was triggered after the bank disclosed information to the U.S. authorities following a review of the business Chief Executive Officer Stephen Hester started after he joined the Edinburgh-based bank in 2008, said the people, who asked not to be identified because the probe isn’t public. The Financial Times reported the negotiations earlier today.