Stocks and Finance

Royal Bank of Scotland

Royal Bank of Scotland 26/01/2012

19:53 : RBS awards CEO share-based bonus of 963,000 stg - LONDON, Jan 26 (Reuters) - Royal Bank of Scotland will give its chief executive Stephen Hester a share-based bonus for 2011 worth some 963,000 pounds ($1.5 million), the part-nationalised British bank said on Thursday.

Source : reuters-com

19:51 : RBS CEO set for bonus just under $1.6 mln -sources - LONDON, Jan 26 (Reuters) - Royal Bank of Scotland will cut Chief Executive Stephen Hester's 2011 bonus to just under 1 million pounds ($1.6 million), sources told Reuters, following political pressure on the part-nationalised ...

Source : reuters-com

13:50 : RBS Proposes Almost £1m Bonus For CEO - The chief executive of Royal Bank of Scotland (RBS), Stephen Hester, is set to receive an annual bonus of less than £1m, a decision that the bank and ministers hope will defuse the intensifying row over his pay.

Source : news-sky-com

09:22 : Sir Fred Goodwin could have to defend his knighthood - Sir Fred Goodwin, the disgraced former Royal Bank of Scotland chief executive, could be asked to explain why he should not be stripped of his knighthood.

Source : telegraph-co-uk

00:25 : Head of RBS investment bank pressed to waive £5.6m bonus - Pressure is building on John Hourican - Royal Bank of Scotland's best paid banker - to waive £5.6m of long-term bonuses despite contractual obligations.

Source : telegraph-co-uk

Royal Bank of Scotland 25/01/2012

12:58 : Taxpayers hit by more banking sell-offs - Royal Bank of Scotland and Lloyds Banking Group, in which the UK taxpayer holds large stakes, are the FTSE's worst performers on more Eurozone fearsIt is not a great day's trading so far for the UK taxpayer, ...

Source : guardian-co-uk

08:47 : Swipe at Goodwin removed from FSA report into RBS - A criticism of Fred Goodwin's ability to run a global bank was cut from the Financial Services Authority's (FSA)report into the collpase of Royal Bank of Scotland, it has emerged.

Source : citywire-co-uk

Royal Bank of Scotland 24/01/2012

20:08 : Sir Fred Goodwin lawyers 'censure' criticism in FSA report on RBS crisis - Text criticising former chief executive's lack of experience was removed from investigation into bank's near meltdown in 2008Lawyers for Sir Fred Goodwin privately insisted that text criticising his lack of experience in banking be removed from the Financial ...

Source : guardian-co-uk

00:19 : James Moore: Hester deserves his seven-figure bonus for plugging huge ... - S ooner or later Royal Bank of Scotland is going to have to end the Mexican stand-off that has developed over its chief executive Stephen Hester's bonus. It is hard to see the bank's affable chairman, Sir Philip Hampton, ...

Source : independent-co-uk

Royal Bank of Scotland 23/01/2012

21:08 : The payout to the boss of RBS is a disastrous deal for the taxpayer| Aditya - Ministers could act over Stephen Hester, the most lavishly rewarded public servant of all – but will they?How much would you pay the boss of RBS? No one in Westminster would be crass enough to put it like that, naturally; but that's the fundamental question ...

Source : guardian-co-uk

11:53 : Prudential lifted by Asian hopes, but Kingfisher and Kesa hit by poor ... - Possible sale of ING's Asian operations puts spotlight on Pru, while confidence figures hit retailers with French presenceReports of a bid for ING's Asian businesses has put the spotlight on Prudential, which also has prime assets in ...

Source : guardian-co-uk

Royal Bank of Scotland 22/01/2012

01:54 : Why are we so upset about Sir Fred when there are bonuses for the bailed-ou - Unlike some on the honours list, Sir Fred Goodwin has never been convicted. And many still working at state-supported RBS seem in line for another big helping of cashThe timing of David Cameron's indiscreet disclosure that ...

Source : guardian-co-uk

00:02 : Jefferies to make move for RBS cash equities - Jefferies has initiated one-on-one meetings with staff in Royal Bank of Scotland's equities business as the US investment bank prepares to make an offer for the state-backed lender's Hoare Govett corporate broking business.

Source : telegraph-co-uk

Royal Bank of Scotland 21/01/2012

21:23 : TAKING STOCK: Low-cost ECB loans must be passed on into real economy - It was a good week for Royal Bank of Scotland on the stock market, despite former chief executive Sir Fred Goodwin facing calls to lose his knighthood and the current boss, Stephen Hester, his bonus.

Source : thisismoney-co-uk

20:54 : Ed Miliband calls on David Cameron to block RBS chief Stephen Hester's ... - Labour leader hopes to embarrass PM, who has refused to say whether he would stop award of £1.3m payoutEd Miliband is turning up the pressure on David Cameron in the escalating row over "crony capitalism" by demanding that the prime minister intervene ...

Source : guardian-co-uk

Royal Bank of Scotland 20/01/2012

22:38 : RBS boss Hester 'unfairly targeted' over bonus - Stephen Hester, chief executive of state-backed lender Royal Bank of Scotland, has been unfairly "targeted" over the possible payment of an annual bonus worth more than £1m, according to the head of the UK's leading banking ...

Source : telegraph-co-uk

Royal Bank of Scotland 19/01/2012

22:22 : RBS took £5bn of loans from ECB emergency facility - State-backed lender Royal Bank of Scotland last month used a European Central Bank emergency borrowing facility to cover a quarter of its total wholesale funding needs for 2012.

Source : telegraph-co-uk

21:40 : On morality Ed Miliband is way ahead of Cameron. Now for the economy | ... - Miliband has done well to force Cameron to fight on Labour territory. But he needs to change the economic conversationDavid Cameron will try to stop £4m bonuses for RBS bankers. Whatever it takes – hints of preferment or ...

Source : guardian-co-uk

21:39 : Government asks honours committee to strip Fred Goodwin of knighthood - David Cameron reveals move for honour to be stripped from former RBS chief executiveDavid Cameron breached Whitehall confidentiality rules when he revealed that the government had asked the honours committee, and ultimately ...

Source : guardian-co-uk

18:03 : Sir Fred Goodwin: the life and times of a modern capitalist - The uncompromising former head of Royal Bank of Scotland has turned from hero to villain as surely as boom has turned to bustA decade ago, Sir Fred Goodwin, the former boss of Royal Bank of Scotland, ...

Source : guardian-co-uk

16:32 : Jefferies favourite to buy Hoare Govett from RBS - US investment bank Jefferies has emerged as the most likely buyer of corporate broker Hoare Govett from Royal Bank of Scotland as the state-backed lender looks to shrink its investment banking business.

Source : telegraph-co-uk

16:18 : MOVES-Swiss Re, RBS, Signia Wealth, Actis - Jan 19 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com.

Source : reuters-com

15:12 : David Cameron: Sir Fred Goodwin knighthood decision 'not in my hands' - The Prime Minister says the proper procedures must be followed if Sir Fred Goodwin is to be stripped of his knighthood for his role in bringing the Royal Bank of Scotland to its knees.

Source : telegraph-co-uk

13:24 : RBS denies clearing controversial bonus for chief - LONDON (Reuters) - State-controlled Royal Bank of Scotland said reports it was due to pay chief executive Stephen Hester a bonus of more than 1 million pounds were "inaccurate and premature."

Source : reuters-com

13:22 : Government to limit cash bonuses at state-backed banks - LONDON (Reuters) - Workers at state-backed banks RBS and Lloyds will get maximum cash bonuses of 2,000 pounds this year, Prime Minister David Cameron said on Thursday.

Source : reuters-com

13:17 : Fred Goodwin could lose knighthood, says David Cameron - PM says former RBS chief's knighthood can be referred to forfeiture committee in speech on responsible capitalismThe knighthood awarded to Sir Fred Goodwin, the former chief executive of the Royal ...

Source : guardian-co-uk

12:36 : UK to limit cash bonuses at state-backed banks - LONDON, Jan 19 (Reuters) - Workers at British state-backed banks RBS and Lloyds will get maximum cash bonuses of 2,000 pounds this year, Prime Minister David Cameron said on Thursday.

Source : reuters-com

11:57 : RBS Says Former Singapore Trader Sought to Manipulate Libor - Royal Bank of Scotland Group Plc said it did nothing wrong when it fired a former Singapore trader because he sought to manipulate London interbank offered rates to boost his own profits.

Source : businessweek-com

08:45 : Gov't set to sanction £1 million bonus for RBS chief - The government is set to sanction a £1 million bonus for Royal Bank of Scotland chief executive Stephen Hester despite the bank’s shares nearly halving last year, according to reports.

Source : citywire-co-uk

Royal Bank of Scotland 18/01/2012

23:39 : RBS slammed for pulling plug on Peacocks rescue - Fashion group Peacocks, which employs 10,000 staff and has 700 stores, has fallen into administration in one of the biggest retail collapses since the 2008 Woolworths downfall.

Source : thisismoney-co-uk