Libor Fixing Scandal: RBS’ Hester ‘This Whole Episode Disgusts Me’

By Lianna Brinded: Subscribe to Lianna's | February 6, 2013 2:26 PM GMT

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Stephen Hester, CEO at RBS (Photo: Reuters)
Stephen Hester, CEO at RBS (Photo: Reuters)

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After Royal Bank of Scotland Group agreed to pay £390m ($612m/€451m) to settle US and UK charges related to the manipulation of the benchmark lending rate known as Libor, as well as pleading guilty to a criminal charge of wire fraud from a Japanese subsidiary, its CEO made a statement.

In a pre-recorded video interview, Stephen Hester said the "whole episode disgusts me".

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For the full interview click the video below:

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‘Disgraceful’: RBS CEO labels LIBOR rate miscreants
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