Huff Post
Reuters | Posted: 08/24/2012 11:30 am
Updated: 08/24/2012 12:52 pm
By Matt Scuffham and Sarah White
* Settlement seen in early fourth quarter - sources
* RBS likely to be next bank to settle - sources
* RBS fine could be higher than Barclays - lawmaker
LONDON, Aug 24 (Reuters) - Royal Bank of Scotland is expected to agree a settlement in the next two months with U.S. and UK authorities investigating its role in an interest-rate rigging scandal, according to industry sources, regulatory officials and lawyers familiar with the case.
The part-nationalised bank, which is 82 percent-owned by the government, is working towards a settlement early in the fourth quarter, two of the sources said.
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Comments
Say Goodbye to the Banks!
Hello England,
How are you fine folks? Enjoying all this news about your banks and the world's banks being the biggest liars, cheaters and manipulators this world has ever seen?
Got your attention? Good. We in North America are moving our money to Credit Unions. They are owner owned and operated. Why? Because it's time to drain this cesspool called the banking industry and its self-serving illegal, corrupt and despicable manipulations.
We're draining the pool over here, the same cesspool we all have been in servitude to now that Libor Scandal is a world recognized phrase.
Find a Credit Union of good reputation in your area and move everything you have to that location. Do it before the banks collapse. Do it becasue people like George Soros and other multi-million dollar insiders are all buying gold, in anticipation of this very collapse.
Even if it's just a few pounds friends, it will all help. Let's stick a fork in this despicable stinking mess called the Banking Industry - It is done!