BBC, Feb 6 2013:

Royal Bank of Scotland (RBS) has been fined £390m ($610m) by UK and US authorities for its part in the Libor rate-fixing scandal.

The UK's Financial Services Authority issued a fine of £87.5m, while about £300m will be paid to US regulators and the US Department of Justice.

In a statement, the bank said investigations had uncovered wrongdoing by 21 employees.

All 21 have either left or been disciplined, it said.

RBS said that £300m of the fines would be paid using money clawed back from bonuses already paid, and reductions to future bonuses.

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