RBS Suspends Head of Rates Trading in Libor Probe

Royal Bank of Scotland Group Plc suspended its head of rates trading for Europe and the Asia-Pacific region, the first senior manager to be put on leave as part of the lender’s probe into allegations of Libor-rigging, two people with knowledge of the move said.
Bill Gross Comes Out Swinging In Pimco Lawsuit
28:57 - Bill Gross has launched a lawsuit for “hundreds of millions of dollars” against Pimco and parent company Allianz SE with claims that he was wrongfully ousted as chief investment officer at the firm. Bloomberg's Erik Schatzker examines the claims contained in the lawsuit on "Bloomberg Markets." (Source: Bloomberg)
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