stephen hester news
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RBS facing shareholder discontent
Edinburgh :: United Kingdom | 8 days ago
Credibility
Royal Bank of Scotland (RBS) is facing shareholder discontent over £607m of staff bonuses awarded during a year when it lost £5.2bn. Payouts by the 81% state-owned bank have infuriated investors after a "chastening" 2012. But at its annual general
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RBS names Van Saun CEO of US business Citizens
Columbus :: GA :: USA | 13 days ago
Credibility
The Royal Bank of Scotland says it has named Bruce Van Saun chief executive of Citizens Bank, its U.S. business, ahead of its expected partial stock market flotation. Van Saun, currently RBS's finance director, will replace Ellen Alemany, who is
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RBS: We'll be ready to go private next year
London :: United Kingdom | 18 days ago
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RBS said yesterday it will be ready to go private again next year as it unveiled £826million quarterly profits. Chiefs said the improved figures after months of losses could see the Government start to sell its shares in mid-2014 or sooner. It would
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RBS gears up for Britain's biggest-ever privatisation
London :: United Kingdom | 3 months ago
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Suggested Topics The Royal Bank of Scotland has set a target of 2014 to start Britain's biggest ever privatisation. Its chief executive, Stephen Hester, said RBS was now much closer to being in a position where the Government could start to sell its
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RBS under pressure to sell more assets
London :: United Kingdom | 3 months ago
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Royal Bank of Scotland Group CEO Stephen Hester is being pressed by the UK government to sell more assets and bolster capital as the Treasury tries to recoup some of its 45.5 billion($68.9 billion) investment in the bailed-out lender. RBS will this
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Exclusive: RBS Mis-Selling Bill To Add £1.1bn
London :: United Kingdom | 3 months ago
Credibility
I can reveal that the bank is preparing to say in its full-year results announcement next Thursday that it is increasing its provision for mis-selling interest rate swaps by roughly £700m, which will take its cumulative bill to £750m. City sources
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Speed up Royal Bank of Scotland sell-off, David Cameron tells bank bosses
Billericay :: United Kingdom | 3 months ago
Credibility
If people want RBS Shares let them buy them with their own money. As Stephen Hester is getting RBS back to real, long term, profits there will be plenty of institutional investors who will want to buy them...In any event RBS has already paid back 95%
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Senior RBS bankers in line for multimillion-pound share award
London :: United Kingdom | 3 months ago
Credibility
Neil Hall/Reuters Senior bankers at Royal Bank of Scotland are in line to share a multimillion-pound bonus windfall, in a move that risks stoking another pay row at the bailed-out bank in the wake of the £390m Libor fine. The five staff in question
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Business week in review
Leeds :: United Kingdom | 3 months ago
Credibility
It's always good for a chief executive to know that he or she has the chairman's backing. So, Royal Bank of Scotland boss Stephen Hester must be positively beaming after Sir Philip Hampton threw himself on the grenade that is the Parliamentary
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RBS bosses thought rigging Libor was a 'mathematical impossibility'
Zurich :: Switzerland | 3 months ago
Credibility
RBS chairman defends Stephen Hester's 'modest' £7.1m pay Sir Philip Hampton tells banking standards commission that chief executive's £1.1m salary and up to £6m in bonuses is 'well below market rate for banking' RBS chairman Sir Philip Hampton and
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