RBS braces for fresh row over bankers" bonus pot

Taxpayer-owned Royal Bank of Scotland setting aside 250m for bonuses… despite facing a 500m fine for rigging Libor rates Bank under pressure to claw back 4m in shares owed to John HouricanHead of the investment bank expected to leave shortly in restructuringRBS 'planning to pay 250m bonuses – 21,000 per employee on average' in the wake of the IT glitch. He could have got 2.4m on top of his 1.2m salary but has now waived his bonus in three of the past four years since taking over at the bank after its 45bn bailout by the taxpayer

Three held in first British arrests over Libor interbank rate rigging probe

Three men including former UBS trader held in first British arrests over Libor interbank rate rigging probe Men aged 33, 41 and 47 taken to London police stationOne is a former UBS trader The three arrests follow searches in Surrey and Essex SFO opened Libor probe in July after big Barclays fine | UPDATED: 10:08 GMT, 12 December 2012 One of the three men arrested in connection with an investigation into the rigging of the interbank lending rate Libor was an ex-trader who worked for UBS and the other two were interdealer brokers, a report said today. The British men – aged 33, 41 and 47 – were taken to a London police station after searches at a property in Surrey and two premises in Essex.