UK's RBS fined $615 million in rate rigging probe
February 7, 2013 12:35 AM EST
The bank said on Wednesday John Hourican, head of RBS's investment bank had agreed to leave following the misconduct of staff in that business.
Part state-owned RBS is the third bank to be punished following investigations into rate-fixing by authorities around the world.
Switzerland's UBS agreed to pay $1.5 billion to settle charges while Barclays paid approximately $450 million.
(Reporting by Matt Scuffham; Editing by Carmel Crimmins and Mark Potter)
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