Stocks and Finance

Royal Bank of Scotland

29 January 2012 Royal Bank of Scotland

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Royal Bank of Scotland 29/01/2012

23:50 : RBS chief Stephen Hester waives controversial bonus of nearly £1m - Banker bows to pressure from across the political spectrum to decline 3.6m shares offered to him by bank's boardStephen Hester, the chief executive of Royal Bank of Scotland, has bowed to intense political pressure and waived ...

Source : guardian-co-uk

23:24 : RBS to pay investment bankers £1.5bn settlement - Royal Bank of Scotland, the lender at the centre of a storm over its chief executive's bonus, is to pay out as much as £1.5bn to City bankers as it counts the cost of its disastrous foray into investment banking.

Source : telegraph-co-uk

20:27 : Labour To Force Vote On Stripping RBS Bonus - Labour is to force a Commons vote calling for Royal Bank of Scotland chief executive Stephen Hester to be stripped of his £1.4m bonus, a party source has said.

Source : news-sky-com

19:16 : Stephen Hester bonus prompts Labour to call Commons vote - Opposition debate will ask MPs whether government should intervene over RBS chief's nearly £1m bonus packageLabour is to seek to overturn a near £1m bonus for Stephen Hester, the chief executive of the Royal ...

Source : guardian-co-uk

18:02 : If you don't like the way big banks are run, move your money | John Harris - The bankers' pay issue is not just about Stephen Hester's bonus at RBS. A boycott is a way of tackling the systemic problemsWhere next for the story of Stephen Hester's bonus? On Sunday, two papers reported that the now-infamous ...

Source : guardian-co-uk

14:22 : RBS boss Hester could pocket £8 million bonus in future - LONDON (Reuters) - The chief executive of bailed-out lender Royal Bank of Scotland , already under political pressure to give back a 1 million pound bonus for 2011, could get eight times as much in future ...

Source : reuters-com

13:58 : 'Chaos' warning over bonus veto - There would have been "chaos" if ministers had overruled the board of RBS over a £963,000 share bonus for its chief executive, says Cabinet Minister Iain Duncan Smith.

Source : news-bbc-co-uk

13:17 : PRESS DIGEST - Sunday British business - Jan 29 - Royal Bank of Scotland 's chief executive Stephen Hester is in line for a new bonus worth almost 8 million pounds ($12.5 million), fuelling a furore over his pay.

Source : reuters-com

11:18 : Blocking RBS bonus 'would cause chaos', Iain Duncan Smith warns - Work and pensions secretary says the Government would welcome it if RBS chief Stephen Hester turned down his £963,000 bonus, but blocking the payout would mean deposing the bank's board.

Source : telegraph-co-uk

01:06 : Rubber-stamping Stephen Hester's RBS bonus is no one's idea of 'popular ... - The fact that, even today, the government is supine in the face of huge rewards for the elite reveals the hollowness of the prime minister's recent rhetoricGeorge Osborne "understands the frustration with banking pay" – or so he said on Friday – but ...

Source : guardian-co-uk

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