John Hourican, who quit RBS after it was fined for Libor rigging, now has job of restructuring troubled Cypriot institution

The Royal Bank of Scotland banker who quit in the wake of the bank's fine for rigging Libor has a new job as head of troubled Bank of Cyprus.

John Hourican, the former head of investment banking at RBS, was not implicated in the rate-rigging scandal which led to a £390m fine for the bailed-out bank in February, but he left to demonstrate responsibility.

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