Ex-Trader Sues RBS For £1.1M In Unpaid Bonuses

Law360, London (April 12, 2021, 5:59 PM BST) -- A former Royal Bank of Scotland trader is suing the lender for more than £1.1 million ($1.5 million), claiming he is being denied promised bonuses after being unlawfully dismissed during a regulatory investigation into the Libor rate-rigging scandal.

The trader argues in his High Court claim that he has been denied £1.1 million ($1.5 million) of shares in bonuses that have become due since he left RBS. (iStock) Arif Hussein, former managing director of a trading division, argues in a High Court claim that has recently been made public that RBS has wrongfully classified his firing from the lender in 2014 as "for...

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