More on the RBS libor-settlement: The bank will plead guilty to rate-rigging, but no employees...

|By:, SA News Editor

More on the RBS libor-settlement: The bank will plead guilty to rate-rigging, but no employees are expected to be criminally charged. Separately, investment bank chief John Hourican - brought in to rescue the business in 2008 - is stepping down without any severance, and reportedly will give up £4M in past stock bonus awards.