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
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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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