RBS fined $1.6 million after rigging local interest rate

Royal Bank of Scotland is the latest bank to be penalised for its role in manipulating Australia’s bank bill swap rate after copping a $1.6 million ‘enforceable undertaking’ from the corporate watchdog. The fine marks the latest admission by a major global bank that a culture of rate-rigging spr…

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RBS fined $1.6 million after rigging local interest rate

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