Ex-RBS banker sentenced over bribery linked to GRG scandal

FT headline reports an ex-RBS banker has been sentenced over bribery tied to the GRG scandal. The story is legal in nature and, based on the headline alone (full article behind a paywall), is unlikely to have an immediate, large market impact on the UK 100 index. However, renewed legal attention to past banking misconduct can create modest downside pressure on UK-listed banks and financial stocks through reputational risk and potential regulatory fallout, which could in turn slightly weigh on the index. Full details and any specifics on fines, names or timelines are unavailable from the paywalled excerpt, so the assessment is tentative.