Stocks and Finance

Royal Bank of Scotland

Royal Bank of Scotland 31/01/2012

09:07 : Sants blames Tiner as MPs grill FSA over RBS failure - Financial Services Authority chief executive Hector Sants has attempted to shift the blame for the regulator's actions in the run-up to the failure of Royal Bank of Scotland on his predecessor John Tiner.

Source : citywire-co-uk

08:41 : Sants says sorry and blames Tiner for RBS collapse - FSA chief executive Hector Sants has attempted to shift the blame for the regulator's actions in the run-up to the failure of Royal Bank of Scotland on his predecessor John Tiner.

Source : citywire-co-uk

00:52 : PM urges restraint on future RBS bonuses - LONDON (Reuters) - Prime Minister David Cameron on Monday urged majority state-owned bank Royal Bank of Scotland to show restraint on executive bonus payments in future, after intense political pressure caused RBS' boss to ...

Source : reuters-com

00:47 : FSA chief Hector Sants says sorry for RBS failure - Hector Sants, chief executive of the Financial Services Authority, has apologised for the failure of Royal Bank of Scotland on his watch and said he would not let any of the lender's former managers work in finance again.

Source : telegraph-co-uk

00:03 : Pressure on RBS bosses to follow Hester's lead - Senior executives at Royal Bank of Scotland are under pressure to follow the lead of their chief executive and forgo annual bonuses due to be announced next month.

Source : independent-co-uk

Royal Bank of Scotland 30/01/2012

23:35 : Large High Street banks face storm over top executive pay - Banks are braced for the most toxic set of executive bonus announcements in British corporate history after RBS chief Stephen Hester reluctantly agreed to give up his near- £1million windfall over the weekend.

Source : thisismoney-co-uk

22:54 : Cameron urges RBS bonus restraint - The government will not block bonuses for other RBS executives, after its chief executive waives his award, but David Cameron urges it to show 'restraint'.

Source : news-bbc-co-uk

22:45 : Cameron urges restraint on future RBS bonuses - LONDON, Jan 30 (Reuters) - British Prime Minister David Cameron on Monday urged majority state-owned bank RBS to show restraint on bonus payments for its executives in the future.

Source : reuters-com

21:37 : RBS chief's bonus: the shares of responsibility - Stephen Hester's decision to waive his bonus was right – but government policy towards the banking sector remains a jumblePublic opinion was adamantly against. The government, sensing the strength of public feeling, urged him not to accept it. Labour, ...

Source : guardian-co-uk

21:37 : Former RBS bosses 'not fit' to run a bank, FSA chief told MPs - Hector Sants told the Treasury committee, that FSA could not block merger of Royal Bank of Scotland's and ABN Amro Sir Fred Goodwin and other Royal Bank of Scotland executives criticised in December's 450-page ...

Source : guardian-co-uk

20:30 : Inside Stephen Hester's glorious country estate - The RBS boss, who was forced to waive his huge bonus, can at least have a stroll round his wonderful garden. But what will happen when it is opened to the public?One way Stephen Hester might wish to console himself over his ...

Source : guardian-co-uk

20:28 : RBS bonus row: Cable calls on bankers to follow Stephen Hester example - Liberal Democrat business secretary says RBS chief executive has set good example after bowing to public opinionBusiness secretary Vince Cable has become the first cabinet minister to urge other bankers to show the same restraint ...

Source : guardian-co-uk

19:57 : Downing Street won’t micro-manage bonuses - Speaking to the BBC after the Royal Bank of Scotland’s chief executive announced his decision to forgo his bonus this year, the government has said that it will not block bonuses to the bank’s other executives. RBS chief ...

Source : financemarkets-co-uk

15:42 : Stephen Hester's bonus is wrong – but what about Wayne Rooney's millions' ... - Bankers' bonuses are an easy target. Politicians should raise other excesses, such as footballers' pay or lottery winningsPoliticians have been falling over themselves to have the toughest stance on Stephen Hester's £1m bonus from RBS, ...

Source : guardian-co-uk

13:20 : Stephen Hester: perhaps his potty training was to blame - Why was the RBS chief so keen to hang on to all that money? Glad you asked …What's the matter with socialism? I think it's rather a good idea. "You're not talking about communism are you," says Rosemary, panicking. "You mustn't ...

Source : guardian-co-uk

13:10 : The man who called the summer crash warns on US - RBS technical analyst Dmytro Bondar, the man who called the correction in global markets last summer, fears the could be a correction in the S&P 500 in the near future.

Source : citywire-co-uk

12:13 : Stephen Hester bonus: When populist stone-throwing is the right response - Shareholders – that's us – have asserted themselves against the executives and their exorbitant rewardsWith characteristic tact, the BBC's Robert Peston made a headhunter's pitch on behalf of Stephen Hester, the riches-to-rags chief executive of Royal ...

Source : guardian-co-uk

11:42 : RBS chief Stephen Hester's £1m bonus branded ‘bewildering' - THE £1m (€1.2m) bonus awarded to Stephen Hester, the state-backed Royal Bank of Scotland chief executive, is "absolutely bewildering", according to Boris Johnson, the mayor of London.

Source : independent-ie

11:09 : Labour vows to maintain pressure on RBS bonuses - Chukua Umunna says party will look at payments to senior bank staff after Stephen Hester waives bonus of nearly £1mLabour has said it will put further pressure on RBS executives to rein in excessive bonuses after helping ...

Source : guardian-co-uk

10:00 : RBS boss Stephen Hester waives bonus: reaction - The boss of Royal Bank of Scotland, Stephen Hester, has bowed to intense public and political pressure and given up a bonus worth almost £1m. Hester's decision came after Labour triggered a Commons vote on the controversial ...

Source : guardian-co-uk

08:22 : RBS chief Hester rejects £1 million bonus - Royal Bank of Scotland chief executive Stephen Hester has agreed to waive his proposed bonus of nearly £1 million after a public outcry and intense political pressure.

Source : citywire-co-uk

07:51 : RBS chief Stephen Hester to waive £1 million bonus - Chief Executive's decision to turn down bonus of shares worth almost £1 million raises questions about his long-term future at RBS, where sources suggest bank's board has considered resigning over remuneration row.

Source : telegraph-co-uk

03:22 : RBS, the nationalised bank that regards itself as operating in the private - It is hard for RBS to argue that Barclays, not the civil service or the Bank of England, is the right yardstick for payA weekend's reflection will have told Stephen Hester that the row ...

Source : guardian-co-uk

02:24 : PRESS DIGEST - Financial Times - Jan 30 - Royal Bank of Scotland is on the verge of clinching a deal to sell Hoare Govett, its corporate broking business and one of the most venerable names in the City of London, to fast-growing U.S. investment bank Jefferies. http://link.reuters.com/taq36s

Source : reuters-com

02:06 : RBS's million-a-year bonus club comes under fresh scrutiny - Other senior bankers also due to be handed share packages under three-year-old long-term incentive plansRoyal Bank of Scotland is braced for fresh scrutiny of an estimated £500m of payouts to its investment bankers, following the decision ...

Source : guardian-co-uk

00:52 : RBS chief waives bonus after political storm - LONDON (Reuters) - The chief executive of Royal Bank of Scotland has decided to waive a bonus worth almost a million pounds ($1.6 million), the bank said on Sunday, after the handout angered Britons bearing the brunt of government ...

Source : reuters-com

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