The Royal Bank of Scotland (RBS), which is 84% state-owned, has been fined £28.6 million by the Office of Fair Trading (OFT) after admitting breaches of competition law. RBS confessed to passing on loan pricing information to its rival Barclays and the OFT began its investigation after receiving a tip-off from Barclays. According to the OFT, RBS [...]

More: RBS fined £29m for sharing confidential price information