A new chapter in the intricate plot of the Libor scandal is about to be written: the Royal Bank of Scotland, in fact, is said to be close, according to the press, to a transaction with the British and American authorities for a fine of around 800 million dollars, less than the $1,5bn UBS paid, but more than the £290m Barclays was fined last June.
The heads of the investment banking divisions of RBS John Hourican and Peter Nielsen also appear to be at risk, even if their direct involvement in the affair is not proven. The investigations, in fact, revealed for certain only that some traders have altered the data released by the bank for their own personal gain.
For Rbs, and for its CEO Stephen Hester, the involvement in the British interbank rate manipulation scandal represented extremely serious damage to its image, given that the institute had been the subject of a huge rescue operation (45,5. £2008 billion) in XNUMX.
