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Royal Bank of Scotland 29/01/2012

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

Royal Bank of Scotland 28/01/2012

22:57 : RBS chairman Sir Philip Hampton turned down £1.4m bonus before Stephen ... - Sir Philip Hampton, the chairman of the Royal Bank of Scotland, offered to cede a potential £1.4m 'golden hello' before Stephen Hester was awarded a near £1m bonus.
Source : telegraph-co-uk
21:18 : Anger at further RBS bonus payouts - David Cameron faces calls to rein in pay at bailed-out bank after revelations more staff could receive large bonusesPressure was mounting on David Cameron on Saturday to rein in pay at the Royal Bank of Scotland after it ...
Source : guardian-co-uk
19:58 : Stephen Hester's pay deal discredits an entire bonus culture | Will Hutton - The government has failed as a shareholder and a regulator – clawing back money now will only do it further damageAn issue that unites Boris Johnson and Ed Miliband must have extraordinary political traction – and Stephen Hester's near £1m bonus for ...
Source : guardian-co-uk
16:21 : RBS chairman gives up £1.4m bonus - Bank announces that Sir Philip Hampton will not receive bonus amid controversy over decision to award RBS chief executive Stephen Hester £963,000Sir Philip Hampton, the chairman of the Royal Bank ...
14:39 : RBS chairman waives share-based bonus - LONDON (Reuters) - Royal Bank of Scotland's Chairman Philip Hampton will not pick up a share-based bonus, the part-nationalised bank said on Saturday, amid a backdrop of public anger over a 1 million pound stock bonus for its chief ...
Source : reuters-com

Royal Bank of Scotland 27/01/2012

23:37 : MPs may summon RBS pay chief after Hester bonus - Royal Bank of Scotland's director in charge of setting executive pay could be summoned to appear before MPs to explain the state-backed lender's decision to award its chief executive a bonus worth nearly £1m.
Source : telegraph-co-uk
22:34 : Stephen Hester bonus puts David Cameron under pressure - Row erupts after prime minister claims that MPs had no choice but to agree to RBS head's bonus are challenged by LabourDavid Cameron was under fire for failing to intervene to block a bonus of nearly £1m for Royal Bank of ...
Source : guardian-co-uk
22:16 : Banks are key to our recovery and success - There are other more general, but still crucial, issues that politicians are missing in their continuing desire to attack RBS chief executive Stephen Hester and his banking counterparts.
Source : telegraph-co-uk
21:25 : Letters: Time to call the bankers' bluff - As a shareholder in RBS (like the rest of us), I would like to see how the CEO's £1m bonus is justified, given the consequences of his actions on the profitability of the parent company, UK plc (RBS hands chief £1m bonus ...
Source : guardian-co-uk
21:25 : This impotence over Stephen Hester and the bankers looks like a suicide ... - The political elite who claim to be powerless on the RBS chief's bonus can no longer assume their hierarchy will remain intactThere's a typically Wildean saying on Wall Street that there are only two appropriate responses ...
Source : guardian-co-uk
20:19 : Let Stephen Hester have his bonus - RBS chief is damned if he takes his bonus, and damned if he walks away from his very tough job. We forget how crocked RBS was when he took over, writes guest blogger Rob TaylorI have this feeling ...
Source : guardian-co-uk
18:04 : Bailed-out RBS spends millions on Washington lobbyists - Bailed-out bank has spent over £2.5m of British taxpayers' money to influence politicians reforming US financial lawThe Royal Bank of Scotland has spent more than $4m (£2.5m) of British taxpayers' money on lobbyists in Washington ...
Source : guardian-co-uk
17:22 : Turner and Sants set for grilling over RBS - The Financial Services Authority’s Lord Turner and chief executive Hector Sants will on Monday face tough questions from MPs over the failings of RBS.
Source : citywire-co-uk
16:34 : RBS Boss Under Pressure To Forgo £1m Bonus - The CEO of taxpayer-owned Royal Bank of Scotland has come under pressure not to accept his bonus for this year of almost £1m - as the Chancellor defends the money saying "the alternatives would have been worse".
Source : news-sky-com
15:36 : Why not benchmark RBS bonuses against the Bank of England? - Are these RBS executives so valuable that the bank would fall apart without them? Does the threat of mass resignations, even if unspoken, have force?What a coincidence. A day after the prime minister was reported to think ...
Source : guardian-co-uk
14:48 : RBS chief's 1 million pound bonus sparks anger - LONDON (Reuters) - Politicians from across the spectrum united in condemning the near one million pound bonus awarded to RBS chief Stephen Hester, with Deputy Prime Minister Nick Clegg saying the public ...
Source : reuters-com
13:26 : Anger grows over RBS chief's £900,000 bonus - London mayor Boris Johnson calls decision 'bewildering' as Labour leader Ed Miliband brands award as 'disgraceful'Ed Miliband and Boris Johnson have joined the chorus of criticism over the decision by the Royal Bank of Scotland, ...
Source : guardian-co-uk
11:49 : Unions criticise near £1m bonus for RBS chief executive Stephen Hester - A £963,000 bonus for the boss of a taxpayer-funded bank Royal Bank of Scotland, Stephen Hester, has been attacked as “out of touch” by Labour, as a government minister claimed he had a public “duty” to refuse it.
09:57 : Outrage mounts at RBS chief's near £1m bonus - Shadow business secretary says public will be 'flabbergasted' by award to Stephen Hester, who earns £1.2m as a salaryOpposition politicians and union leaders joined a chorus of outcry on Friday after the Royal Bank of Scotland, ...
Source : guardian-co-uk
08:05 : RBS bows to pressure over chief's bonus - The state-rescued bank has heeded public and political pressure and slashed its chief executive's 2011 bonus, but Stephen Hester still walks away with a £963,000 award.
Source : citywire-co-uk
03:04 : PRESS DIGEST - British business - Jan 27 - Royal Bank of Scotland has kept its chief executive's annual bonus below the politically sensitive 1 million pound mark by awarding Stephen Hester a bonus of 3.6 million shares, worth 996.12 pounds ($1.6 ...
Source : reuters-com
01:47 : Stephen Hester: 'even my parents think I'm overpaid' - The RBS chief believes his early days working in a sweet factory mean he can identify with the average earnerStephen Hester was given the task of turning around the failing RBS group by the government ...
Source : guardian-co-uk

Royal Bank of Scotland 26/01/2012

23:28 : RBS chief Stephen Hester in line for £7m payout despite bonus cut - Stephen Hester could still receive a pay package for his work last year worth more than £7m, even after the bank moved to cut his annual bonus to less than £1m.
Source : telegraph-co-uk
21:22 : RBS hands chief Stephen Hester £1m bonus - Bank heads for political storm with award of 3.6m shares to chief executive despite widespread oppositionRoyal Bank of Scotland stoked a political row on Thursday night when it announced it had awarded its chief executive, Stephen Hester, ...
Source : guardian-co-uk
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