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RBS To Pay $612M to Resolve Libor Case

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    FBN's Sandra Smith breaks down mid-afternoon market news.

  • Duration 0:59
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Good afternoon I'm Sandra Smith with your Fox Business -- -- the Royal Bank of Scotland has reached a settlement with US and British.

Authorities and we'll pay 615.

Million dollars.

In -- over interest rate -- RBS is the third global banking giant to agreed to settle charges of tampering with Libor rates.

Liberty Global has struck a deal to -- Virgin Media for about sixteen billion dollars in cash and stock.

Deal aimed at helping liberty better compete with UK market leader B sky B which is all of -- by News Corp.

the parent company of this network.

Stay tuned to be 3 PM hour when this claim -- Liberty Global president and CEO Michael Fries hot countdown to the closing out.

And iTunes has set a new record with 25 billion songs sold -- -- man that downloaded the song received 181000.

Euro -- car.

And that is the latest from the Fox Business that we're giving you the power to prosper.