11th May 2015 05:41
LONDON (Alliance News) - Barclays PLC and Royal Bank of Scotland Group PLC are set to pay about GBP3 billion in fines over the foreign exchange manipulation scandal, according to the Sunday Times in a report that said the banks are "preparing to plead" guilty to currency rigging.
According to the Sunday Times, the fines and guilty please will follow later this week, marking an end into authorities' investigations.
Barclays and RBS are among several other banks caught up in the scandal.
http://www.thesundaytimes.co.uk/sto/business/Finance/article1554067.ece
By Samuel Agini; [email protected]; @samuelagini
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