Are Banks Reassessing Risky Practices in Wake of Libor Scandal?
- Published on Wednesday, 13 February 2013 22:50
- Written by Mike McClain, Web Editor
Yesterday in London, executives of the Royal Bank of Scotland testified in front of a Parliament commission of banking standards. The topic at hand was of course the much-publicized Libor rate-rigging scandal that cost RBS more than $600 million in fines from the UK’s Financial Services Authority, the U.S. Commodities and Futures Trading Commission, and the U.S. Department of Justice.