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RBS Securities Japan sentenced for manipulation of Yen Libor

( January 6, 2014, 19:34 GMT | Official Statement) -- MLex Summary: A subsidiary of The Royal Bank of Scotland was sentenced by a federal judge in Connecticut to pay $50 million in criminal fines for its role in manipulating the Yen London Interbank Offered Rate. The sentence was part of a plea agreement between the bank and the US Department of Justice. The parent company, RBS, agreed to pay a $100 million fine as part of a separate deferred prosecution agreement.Release follows below:...

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