3rd bank OKs fine for fixing key rate

Posted: February 7, 2013 at 3:17 a.m.

Royal Bank of Scotland on Wednesday became the third international bank to reach a settlement in the ongoing investigation of the widespread manipulation of the global interest rate known as the London interbank offered rate, or Libor.

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Business, Pages 25 on 02/07/2013


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Steel-maker sees $4 billion loss

A steel worker from ArcelorMittal demonstrates Wednesday Feb. 6, 2013, near the European Parliament in Strasbourg, eastern France. Steel workers coming from Belgium, Luxemburg and northern France gathered to protest against jobs cuts as ArcelorMittal was presenting its fourth quarter earnings. Charges related to its ailing European business and a drop in the value of its assets saw ArcelorMittal SA, the world's largest steel maker, post a near US dlrs 4 billion (euro 3 billion) loss for the fourth quarter. (AP Photo/Christian Lutz)

ArcelorMittal SA, the world’s largest steel-maker, posted a near $4 billion loss for the fourth quarter, hurt ... Read »

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Shale gas glut closing nuke plants

Duke Energy’s decision to dismantle a Florida nuclear power plant rather than pay for repairs is a sign of how rapidly natural gas is remaking the U.S. power industry, spee... Read »