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Tuesday, 02 September 2014

RBS shares bake in Libor's known unknowns

Scot free

The UK bank is off 6 pct amid fears of criminal liability for Libor-fixing. The worst-case scenario - a U.S. indictment - is less likely than prosecution in another jurisdiction or a big fine. But the risk of sizeable fallout from a nasty American surprise justifies the jitters.



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