U.S. Seeks Criminal Charges in RBS Libor Settlement, WSJ Reports
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U.S. authorities are seeking a guilty plea to criminal charges from Royal Bank of Scotland Group Plc as part of a 500 million-pound ($785 million) settlement of an interest rate rigging probe, the Wall Street Journal reported, citing people familiar with the matter.
RBS executives are resisting any guilty plea on concern it could increase the Edinburgh-based bank’s exposure to litigation and lead clients to cut off activity, the newspaper said. A final figure has yet to be agreed upon and the deal could be completed within the next two weeks, it said.