Reuters: Regulatory News: BRIEF-RBS expects news on Libor settlements by Feb 2013

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BRIEF-RBS expects news on Libor settlements by Feb 2013 Nov 2nd 2012, 08:25 LONDON | Fri Nov 2, 2012 4:25am EDT LONDON Nov 2 (Reuters) - RBS : * CEO says 400 million STG increase is best 'guestimate' for ppi, can't say won't be further increases * CEO says will look and see whether capacity has adequately come out of investment bank * CEO says does have more shrinkage ahead, as announced in January * CEO says fsa would have most comprehensive view of libor settlement * CEO says disappointed if not more news of libor settlements by February 2013 * CEO says citizens remains part of core strategy * CEO says have to be pragmatic in relation to core strategy, including citizens * CEO says 'may be a day' when sale of citizens would help shareholder value * CEO says has will not rule out sale of citizens * CEO says money tied up in RBS should be used better for other government purposes * CEO says most unlikely EU would change its mind over mandate to sell branches * CEO says won't be able to make good judgement of interest rate swap mis-selling cost until fsa pilot scheme complete * CEO says may be bigger provisions to come for interest rate swap mis-selling * CEO says explosive reaction to barclays case has been factor in regulators

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