Royal Bank of Scotland

Finally, Top Banker Admits Earnings Are Too High

PA | Posted 03.04.2012 | UK

Bankers' pay is too high and needs to be "corrected", the chairman of the Royal Bank of Scotland Sir Philip Hampton said today. But Sir Philip said t...

Sir Fred Goodwin - Wrong Place, Wrong Time...

Simon Dixon | Posted 02.04.2012 | UK Politics
Simon Dixon

While Fred Goodwin seems to be the focus of many today with the stripping of his knighthood, it is very easy to single out somebody to blame for the m...

Unions Welcome Goodwin 'Token Gesture'

Posted 31.01.2012 | UK

A leading union has welcomed the decision to strip former RBS chief executive Fred Goodwin of his knighthood. David Fleming, national officer of Un...

Premier League Banker Can't Avoid The Drop

Posted 31.01.2012 | UK

Fred Goodwin's life in the banking premier league was shattered as the taxpayer rescue of his wounded bank turned him into a target for public anger. ...

Fred Goodwin Joins Robert Mugabe, Lester Piggott And Nicolae Ceausescu After Being Stripped of Knighthood

Huffington Post UK | Sara C Nelson | Posted 31.01.2012 | UK

The inglorious stripping of Fred Goodwin’s knighthood today puts the former RBS boss in the company of a colourful list of characters who have exper...

City Chief Laments 'Poor Decisions' That Cost RBS

Posted 30.01.2012 | UK

The near-collapse of Royal Bank of Scotland (RBS) followed a series of "very poor decisions" by executives including Sir Fred Goodwin, the head of the...

FSA Chief Executive 'Could Not Stop RBS-ABN Amro Deal'

Posted 30.01.2012 | UK

The chief executive of the Financial Services Authority has said he did not have the power to stop the Royal Bank of Scotland's ill-fated takeover of ...

Hague: Government 'Could Do More' To Curb Bonus Culture

Posted 30.01.2012 | UK Politics

William Hague has hinted the government could do more “as and when necessary” to curb the banking sector's bonus culture, after RBS chief Stephen ...

Stephen Hester To Waive RBS Bonus Payment

The Huffington Post UK | Paul Vale | Posted 30.03.2012 | UK

Royal Bank of Scotland chief executive Stephen Hester is to waive his 2011 bonus, the bank said on Sunday night. In doing so, Hester will not take...

Labour To Force Commons Vote On RBS Bonus

PA/Huffington Post UK | Posted 30.03.2012 | UK Politics

Labour will force a Commons vote calling for Royal Bank of Scotland chief executive Stephen Hester to be stripped of his bonus, a party source said to...

Paying Hester's Bonus IS 'Protecting Taxpayer', Says Treasury

PA/Huffington Post UK | Posted 30.03.2012 | UK

The Government was "protecting the taxpayer" by allowing the Royal Bank of Scotland bonus for chief executive Stephen Hester to go ahead, the Chief Se...

Pressure Mounts On Sir Stephen Hester To Waive Bonus

PA/The Huffington Post | Posted 29.01.2012 | UK

The chief executive of the taxpayer-funded Royal Bank of Scotland (RBS) is facing mounting pressure to follow the bank's chairman and waive his bonus ...

RBS Chief's £1m Bonus

PA/Huffington Post UK | Posted 27.03.2012 | UK

Stephen Hester, boss of taxpayer-funded RBS, has been awarded a bonus worth £963,000, around 60% of his entitlement, following political pressure to ...

RBS Chief Stephen Hester Awarded Bonus Worth At Least £800k

PA | Posted 27.03.2012 | UK

The chief of the taxpayer-owned Royal Bank of Scotland will receive a bonus worth almost £1m, despite a cap imposed by the bank's board. RBS chief...

Is RBS Boss' £1m Bonus Really Too Much?

Huffington Post UK | Peter Guest | Posted 25.01.2012 | UK

If a CEO can reverse the fortunes of a loss-making, state-owned bank and see some of the profits returned to the taxpayer, just how much does he deser...

Sir Fred Goodwin Could Lose Knighthood This Week

Huffington Post UK | Ned Simons | Posted 25.01.2012 | UK

Former RBS boss Sir Fred Goodwin could discover whether he gets to keep his knighthood within days, David Cameron has revealed. Speaking during Pri...

RBS Comes Under Pressure To Halve Chief Executive's Bonus To A Million

PA/Huffington Post UK | Felicity Morse | Posted 25.01.2012 | UK Politics

Royal Bank of Scotland is said to be coming under pressure from the Government to halve chief executive Stephen Hester's bonus. The Treasury is exp...

Someone Else Who Shouldn't Get A Bonus? Cameron Urged To Intervene

PA/The Huffington Post | Posted 22.03.2012 | UK Politics

Labour leader Ed Miliband has called on David Cameron to block any million pound-plus bonus payout to the chief executive of the predominantly state-o...

Sir Fred No Longer?

Huffington Post UK | Dina Rickman | Posted 19.01.2012 | UK Politics

Sir Fred Goodwin's knighthood will be examined by a committee with the power to strip people of their honours, David Cameron said on Thursday. MPs ...

Bailed-Out RBS To Axe 3,500 Jobs In Investment Banking Arm

PA/Huffington Post UK | Posted 12.01.2012 | UK

Taxpayer-backed Royal Bank of Scotland (RBS) has announced around 3,500 job losses over the next three years in a bid to downsize its investment banki...

Cable Looking Into Disqualifying Bank Chiefs

PA | Posted 12.12.2011 | UK Politics

Business Secretary Vince Cable has said he will continue to look into whether any Royal Bank of Scotland (RBS) directors should face disqualification ...

Report Finds Light Regulation And Financial Failings Led To RBS Rescue

PA | Posted 10.02.2012 | UK

A long-awaited report into the failure of Royal Bank of Scotland will blame light-touch regulation and a catalogue of financial errors for pushing the...

Queen's Bank Coutts Fined £6.3m For Misleading Clients On Investment

Huffington Post UK | Peter Guest | Posted 08.01.2012 | UK

Coutts, the private bank that counts the Queen among its clients, has been handed a £6.3m fine by the Financial Services Authority for misrepresentin...

Banks Enjoyed '£46bn Taxpayer Subsidy' In 2010

The Huffington Post UK | Ned Simons | Posted 07.11.2011 | UK

British banks are unfairly profiting from a taxpayer funded subsidy and should be cut down to size, according to a report published on Thursday. Th...

United States Sues British Banks Over Mortgage Securities

PA | Posted 02.11.2011 | UK

PRESS ASSOCIATION -- The US government has begun legal action against 17 financial firms, including the country's largest banks, for selling billions ...