The Fee Hand of the Market 0
Bringing competition to a Galt.
Royal Bank of Scotland Group Plc, the recipient of the world’s biggest bank bailout, was fined 28.6 million pounds ($43 million) by U.K. antitrust authorities for giving confidential future pricing data to Barclays Plc.
The fine was reduced from 33.6 million pounds because RBS admitted the breaches and cooperated, the Office of Fair Trading said today in statement. Barclays isn’t likely to be fined because it brought the matter to the OFT’s attention.