Northern Rock PLC has announced underlying losses of £232.4m for 2010 in its first annual results since being split from its toxic loans.
The company said it is making progress, with income up and costs reduced during the second half of its financial year, although executive chairman Ron Sandler added trading remained "difficult" in the current environment, the BBC reports. He said Northern Rock was still in talks with the government on returning the company to private ownership. Read more here RBS directors share £28m bonus awards Royal Bank of Scotland (RBS) has rewarded its top nine directors with bonus packages for 2010 potentially worth a combined £28m, with chief executive Stephen Hester set to receive up to ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
