RBS Drops as U.S. Authorities Said to Ask for Libor Plea
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Royal Bank of Scotland Group Plc fell the most in four months as U.S. authorities push for criminal charges in the probe into allegations that Britain’s biggest publicly owned lender tried to rig interest rates.
The U.S. Justice Department has extended talks to press the Edinburgh-based bank for a guilty plea in any settlement, said two people familiar with the negotiations. RBS may pay about 500 million pounds ($786 million) to U.S. and U.K. authorities to settle the claims as soon as next week, another two people with knowledge of the negotiations said.