Browsing All posts tagged under »Stephen Hester«

RBS announces its fourth consecutive annual loss

February 23, 2012


written by Robert Pollard for New Statesman Bank dealing with “the largest balance sheet risk time bomb ever assembled in history”. RBS has announced a loss of £2bn for 2011, nearly double the £1.1bn loss the bank made in the previous year. It is the fourth annual loss the bank has posted since its government […]

Government will not intervene on RBS bonus payments

January 31, 2012


written for New Statesman – words by Robert Pollard Downing Street says “We are not going to micro-manage bonuses”. David Cameron will not force any RBS executives to turn down bonus payments, despite growing calls for government intervention on executive pay. On Sunday, RBS chief executive Stephen Hester announced that he will not be accepting […]

Fred Goodwin set to be stripped of knighthood

January 22, 2012


written for the New Statesman – words by Robert Pollard Former RBS head could lose his knighthood as Cameron talks tough on executive pay. David Cameron has called for the removal of Fred Goodwin’s knighthood after formally asking the honours committee to revoke the award. The former head of RBS was given the honour as […]