U.K’s Osborne Said to Want RBS Libor Fine Paid From Bonus Pool

Chancellor George Osborne wants Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, to pay any fines for Libor manipulation from its bonus pool, a person with knowledge of the situation said.

Osborne wants the fines paid either from this year’s bonus pool or through clawing back bonuses from previous years, said the person, who asked not be identified as the chancellor has not publicly commented on the matter. Osborne has made it clear any fine should be paid for by the bankers, not taxpayers, the person said.