RBS gears up for LIBOR-fixing repercussions

A settlement between UK bank Royal Bank of Scotland (RBS) and authorities regarding the investigation into attempted LIBOR-fixing may be announced in the next few months.

A settlement between UK bank Royal Bank of Scotland (RBS) and authorities regarding the investigation into attempted LIBOR-fixing may be announced in the next few months.

The interest-rate rigging scandal that led to numerous resignations on fellow lender Barclays's board - including Chief Executive Officer (CEO) Bob Diamond - may prompt politicians to pressure RBS's CEO, Stephen Hester, into leaving, The Wall Street Journal reported on Tuesday.

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