RBS bonus case settled

Royal Bank of Scotland Group Plc settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a $1.2 million bonus. The terms of the settlement weren’t disclosed. The lender, which has tried to shed its riskier operations since being bailed out by the U.K. in 2008, remains a target for lawsuits from employees who lost their jobs in the shake-up. RBS is the parent company of Citizens Financial Group.