The Financial Times is reporting that the Royal Bank of Scotland is poised to settle allegations by regulators that some its traders acted to manipulate LIBOR. The Times said, citing people familiar with the matter, that the bank could have to pay £200 million to £300 million ($320 million to $480 million) in the settlement.

The Times said the effort has been led in the UK by the Financial Services Authority and, in the U.S., by the Department of Justice and the Commodity Futures Trading Commission.

To read the Financial Times story click here.