Arizona Public Radio | Your Source for NPR News
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
91.7 in Page is currently off the air. We apologize for the inconvenience and are working to restore service. 102.7 is operating, but the signal may not reach to outlying communities. Online streaming remains unaffected. Thank you for your patience.

A Bad Day For The Royal Bank Of Scotland

STEVE INSKEEP, HOST:

A bad day at RBS is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: RBS is the Royal Bank of Scotland and it's already in a tough spot. It's among several banks being investigated for allegedly rigging the interbank lending rate. Today, RBS warned that it faces several potential lawsuits over those allegations. RBS did that as it announced its second quarter profit fell 22 percent. The partly nationalized bank is out about $3 billion for the first half of the year. Transcript provided by NPR, Copyright NPR.