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Thu 7 to Wed 20 Feb 2013

Head of RBS's investment banking arm steps down after settlement

  • By Georgeta Gheorghe and 1 other
  • Last Update: 4 years ago
  • Edinburgh, Scotland, United Kingdom

The head of RBS's investment banking arm John Hourican steps down.

The Royal Bank of Scotland Group Plc (RBS) is the most recent bank to be fined for its role in what has become known as the Libor rigging scandal. RBS was issued with a $627 million (£400 million) fine.

Sources reporting on the move have claimed the resignation of Hourican was not connected to the recent developments at the partially state-own bank. - RBS faces over $600 million fine for rate rigging: sources on 2013-02-06

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