Stephen Hester, chief executive of Royal Bank of Scotland(RBS), mounted a strong defence of his bonus package to MPs yesterday, despite mounting criticism of the bank's involvement in the LIBOR scandal under his watch.
Hester told the Parliamentary Commission on Banking Standards he deserved the £780,000 payout from his long-term incentive package because of the "huge things" he had achieved since arriving at the taxpayer-owned...
Leaves govt-backed outfit after a decade
Decision follows leadership structure review
Transfer service will capitalise on increase in demand
Lower average earnings
Will target consumers new to advice