RBS chief: My £7.7m package 'at the low end'

Giving evidence to the Public Accounts Committee, he said his £7.7m pay deal for last year was "at the low end of comparable jobs in the UK and globally, albeit at the high end of society", the Telegraph reports. Hester also told the MPs the Bank of England has overestimated the amount of support it has given to British banks, suggesting it could be a tenth of the Bank's £100bn valuation. He said: "The figures from research that we have seen, which I think will be published in the coming weeks, comes up with a dramatically smaller figure." Read more here Banks served Libor subpo...