Royal Bank of Scotland fined $612 mn to settle Libor probe

State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.

RBS, which is 81-percent owned by the government, said it has agreed to pay the equivalent of 391 million to regulators, becoming the third bank to admit its part in the Libor affair after British rival Barclays and Swiss lender UBS.