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RBS bonus pot revealed

RBS building

Royal Bank of Scotland is to pay approximately $918m in bonuses for 2013 after securing the agreement of the UK Treasury agency that is its biggest shareholder.

Barclays closes power trading desks

Barclays Canary Wharf

Barclays said on Tuesday that it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.