Libor riggers will be punished, RBS boss vows as bank braces for fine

Written By Unknown on Tuesday, 5 February 2013 | 22:00

The arch executive of Royal Bank of Scotland has betrothed that “wrongdoers” concerned in a Libor-rigging liaison would be punished as a bailed-out bank braced for a excellent of adult to £500m.

In a memo sent to bank staff, Stephen Hester warned that a bank would face “intense” inspection once a excellent was announced and urged them to overcome “whatever knocks” they faced in a efforts to keep portion a customers.

“What we can guarantee is that, along with a chairman, [Sir] Philip Hampton, we will not be ducking a formidable questions that come a way.

“Philip and we will explain what went wrong and what we have finished to fix

Read full article: http://abcnews.go.com/Sports/wireStory/vonn-hospitalized-crash-super-worlds-18409004


Source:
http://www.news.ezonearticle.com/2013/02/06/libor-riggers-will-be-punished-rbs-boss-vows-as-bank-braces-for-fine/

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