Hester has stated that RBS was in the process of being investigated by the Financial Services Authority (FSA) for its role in attempting to manipulate the Libor rate.
Nevertheless, he has not mentioned the size of any financial penalty that the bank is likely to face.
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June 2012 has witnessed Barclays being fined GBP290 million by the UK and US regulators.
Further, a number of executives, including boss Bob Diamond, had also resigned over the controversy.
Hester’s admission follows the computer meltdown at RBS in June 2012, which stopped 13 million customers from accessing their accounts for up to a month.
The bank’s first-half results are also to be published very soon.
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By GlobalDataIt is said that Hester may highlight the reputational challenge facing the City and signal a programme within the RBS to address corporate culture when the interim results are announced.
