RBS awaits Libor fines

Feb 06, 2013, 7:43 AM EST
A pedestrian walks past a branch of the Royal Bank of Scotland (RBS) in the City of London February 4, 2013.
REUTERS/Andrew Winning

Royal Bank of Scotland is expected to be fined $625m by U.S. and U.K. regulators later today, becoming the third bank after Barclays and UBS to be fined as a result of the Libor scandal. The head of bank's investment banking arm since 2008, John Hourican, is also expected to step down.