RBS investment banking chief to quit over Libor | Bangkok Post: news

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RBS investment banking chief to quit over Libor

The head of the Royal Bank of Scotland's investment banking arm is to step down over the Libor rate-rigging scandal, British media reported.

People walk past the Royal Bank of Scotland building in London on January 30, 2012. The head of the Royal Bank of Scotland's investment banking arm is to step down over the Libor rate-rigging scandal, British media reported on Tuesday.

John Hourican is to give up pound sterling4 million ($6.32 million, 4.65 million euros) in past share awards when he quits the state-rescued British bank, Sky News television reported.

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