Royal Bank of Scotland plans bonus cut to help cover Libor rigging fines

Royal Bank of Scotland, Britain's biggest publicly owned lender, may reduce the bonus pool at its investment bank by more than a third as it prepares to pay fines to US and British regulators for Libor manipulation, a person with knowledge of the plan said.

via Business feed http://www.scmp.com/business/banking-finance/article/1138939/royal-bank-scotland-plans-bonus-cut-help-cover-libor