Stocks and Finance

Royal Bank of Scotland

Royal Bank of Scotland 03/02/2012

22:38 : RBS mulls bonus shake-up as pay gets 'out of hand' - The Royal Bank of Scotland is considering stripping Stephen Hester of his annual bonus and replacing it with a longer-term scheme that is "more robust against public opinion" in the wake of the furore over his near £1m award ...

Source : telegraph-co-uk

22:37 : RBS mulls bonus shake-up as pay 'out of hand' - Royal Bank of Scotland is considering stripping Stephen Hester of his annual bonus and replacing it with a longer-term scheme that is "more robust against public opinion" after the row over his near £1m award this year.

Source : telegraph-co-uk

21:45 : Chris Huhne, David Cameron and the RBS boss don't have it, but Al Gore ... - From bonuses to knighthoods, the leaders we put in high office prefer jaw-jutting certainty to thoughtful judgmentThe laws of contempt demand that we tread warily when assessing the matter of Chris Huhne's judgment. We can wonder if the now departed ...

Source : guardian-co-uk

20:11 : RBS and HSBC among banks probed by Swiss over Libor allegations - The Royal Bank of Scotland and HSBC are being investigated by the Swiss authorities over allegations they manipulated the interbank lending rates which may have distorted the price of trillions of dollars of securities.

Source : telegraph-co-uk

17:03 : From RBS to Starbucks, mum's the word on the shopfloor | Zoe Williams - I only wanted to know what RBS staff thought about Fred Goodwin, but in the current labour market the employer is a capricious king – so, to be safe, nobody says anythingAll I wanted was the view from the ground in Royal ...

Source : guardian-co-uk

14:23 : RBS Chair Attacks 'Anti-Business Ministers' - Ministers should abandon a growing tendency to indulge in anti-business rhetoric or risk damaging Britain's economic recovery, the head of the state-controlled Royal Bank of Scotland (RBS) has warned.

Source : news-sky-com

10:57 : RBS chairman defends Stephen Hester's near-£1m bonus - Sir Philip Hampton admits taxpayer-owned bank underestimated scale of public reaction to award of 3.6m shares to chief executive – which he has since waivedRoyal Bank of Scotland's chairman has defended the near-£1m bonus awarded to its chief executive ...

Source : guardian-co-uk

10:36 : RBS underestimated anger over Stephen Hester's bonus, chairman admits - Sir Philip Hampton, chairman of RBS, has admitted the bank underestimated the scale of public outrage over Stephen Hester's £1 million bonus and has said bankers pay has been "too high for too long".

Source : telegraph-co-uk

09:25 : Bankers' pay needs to be 'corrected' -RBS chairman - LONDON, Feb 3 (Reuters) - Pay in the banking industry has been high for too long and needs to be "corrected", the chairman of Britain's state-backed Royal Bank of Scotland told BBC Radio on Friday.

Source : reuters-com

08:57 : Bankers' pay needs to be 'corrected' - RBS chairman - LONDON (Reuters) - Pay in the banking industry has been high for too long and needs to be "corrected," the chairman of Britain's state-backed Royal Bank of Scotland told BBC Radio on Friday.

Source : reuters-com

Royal Bank of Scotland 02/02/2012

20:47 : Off with their knighthoods … after Fred Goodwin, who should be next? - Here are some suggested knights erring. Pitchforks not includedThis week's big news-effect announcement is that former RBS boss Fred Goodwin has been stripped of his knighthood. As pious chancellor George Osborne explained, ...

Source : guardian-co-uk

16:15 : Politics Weekly podcast: banker bashing; Europe; and the French election - With bankers' bonus season upon us again, the political class have been on the attack. First RBS boss Stephen Hester was pressurised into handing back his £1m worth of shares; then his predecessor Fred Goodwin was relieved ...

Source : guardian-co-uk

08:38 : RBS puts jobs at risk after Hoare Govett sale - Royal Bank of Scotland has sold stockbroker Hoare Govett to US investment banking group Jeffries for a nominal sum, as part of its plans to downsize its investment banking division.

Source : citywire-co-uk

02:20 : PRESS DIGEST - Financial Times - Feb 2 - Jefferies, the U.S.-based investment bank, on Wednesday confirmed its acquisition of Hoare Govett, the UK broker, from Royal Bank of Scotland. http://link.reuters.com/nug46s

Source : reuters-com

Royal Bank of Scotland 01/02/2012

22:33 : Westminster digested: Cams and Ozzy get tough - Cams and Ozzy get tough with poor Hester and Fred the ShredCameron: OK, Ozzy, it's about time we sorted out these bankers' bonuses.Osborne: Must we? How about we just say no one should get more than a mill'Cameron: That sounds about right. It should ...

Source : guardian-co-uk

20:02 : Alex Salmond regrets backing Goodwin - The first minister has confessed he too failed to foresee the RBS crisis and the banking collapse, adding: 'If we had the benefit of hindsight we'd do things differently'Alex Salmond has become the latest political figure ...

Source : guardian-co-uk

17:56 : UPDATE 1-RBS to sell Hoare Govett unit to Jefferies - LONDON, Feb 1 (Reuters) - Royal Bank of Scotland has agreed to sell Hoare Govett, the historic British stockbroker it acquired as part of its troubled takeover of Dutch bank ABN AMRO, to American investment ...

Source : reuters-com

14:09 : The Business podcast: Fred Goodwin's knighthood shredded - The former chief executive of Royal Bank of Scotland will now be known as plain old Fred Goodwin after being stripped of his knighthood by the Queen after advice from the forfeiture committee. Fred "The Shred" ...

Source : guardian-co-uk

08:06 : Former RBS chief executive loses knighthood - Fred Goodwin, the former chief executive of the Royal Bank of Scotland (RBS), has been stripped of his knighthood for his role in the bank’s collapse during the 2008 credit crunch. The Queen ...

Source : financemarkets-co-uk

06:05 : Unease Grows Over Shaming Of Ex-RBS Boss - There is growing unease about the stripping of former Royal Bank of Scotland (RBS) boss Fred Goodwin's knighthood - despite David Cameron insisting it was the right decision.

Source : news-sky-com

01:55 : Banking knights under scrutiny as former RBS boss Fred Goodwin stripped ... - The government's move to strip former Royal Bank of Scotland boss Fred Goodwin of his knighthood has led to calls for ministers to consider inflicting similar punishment on other banking grandees who were implicated in the ...

Source : thisismoney-co-uk

Royal Bank of Scotland 31/01/2012

23:34 : ALEX BRUMMER: Time to revisit former Royal Bank of Scotland boss Fred ... - The speed with which the establishment has moved to deprive Fred Goodwin of his knighthood is impressive. The final insult is that he is still receiving what is effectively a taxpayer-funded pension of £342,500 a year for life from RBS.

Source : thisismoney-co-uk

22:28 : A reputation shredded: Sir Fred loses his knighthood - Ex-RBS chief executive pays price for role in the recession, leading to calls for others to be stripped of honoursThe former chief executive of the Royal Bank of Scotland, Fred Goodwin, has been stripped of ...

Source : guardian-co-uk

21:16 : How Fred Goodwin became a lightning rod for public anger over bank excess - Decision to take away knighthood carries the whiff of a politically motivated act designed to distract from the other RBS storyWhat did Fred Goodwin do to lose his knighthood? The answer is obvious, you might think. He was ...

Source : guardian-co-uk

18:46 : Sir Fred Goodwin stripped of knighthood - Forfeiture committee advises Queen to strip former RBS chief executive of honour awarded by Labour government in 2004Fred Goodwin, the former chief executive of the Royal Bank of Scotland, has ...

Source : guardian-co-uk

17:51 : Ex-RBS Boss Goodwin Stripped Of Knighthood - Former Royal Bank of Scotland (RBS) boss Fred Goodwin has had his knighthood "cancelled and annulled" having brought the honours system into disrepute.

Source : news-sky-com

17:06 : RBS pay row adds heat to banker bonus season - LONDON (Reuters) - The decision by Royal Bank of Scotland's bosses to waive their bonuses has heaped pressure and scrutiny on Britain's other top bankers and on pay awards further down the ranks, fanning the flames of a row over excessive pay.

Source : reuters-com

16:46 : RBS pay row adds heat to UK banker bonus season - LONDON, Jan 31 (Reuters) - The decision by Royal Bank of Scotland's bosses to waive their bonuses has heaped pressure and scrutiny on Britain's other top bankers and on pay awards further down the ranks, fanning the flames of a row over excessive pay.

Source : reuters-com

10:08 : RBS bonus row: Miliband denies banker 'witch hunt' - CBI chief says 'vilification' of bankers such as Stephen Hester risks damaging Britain's interestsLabour leader Ed Miliband denied he was whipping up a "witch hunt" against bankers as he called for a tax on bonuses and new rules to rein in top pay.The ...

Source : guardian-co-uk

10:07 : Row After Business Boss Defends RBS Bonus - The row over Royal Bank of Scotland chief executive Stephen Hester's bonus has continued - after David Cameron urged restraint over pay for senior figures at the bank.

Source : news-sky-com