RBS execs 'under pressure to resign' over LIBOR rigging

RBS's head of investment banking John Hourican and head of markets Peter Nielson together earned over £30m in bonuses in the last four years. Their jobs are said to be at risk as regulators close in on a settlement with the bank, which is likely to be at least £300m. Hourican or Nielson have not been accused of partaking or knowing of the alleged LIBOR manipulation, however the two were overseeing the investment banking division at the time the LIBOR-rigging took place, reports The Telegraph. The pair are also under pressure to give back up to £15m in bonuses as part of LIBOR relat...