RBS' Hester defends £780k payout

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 bank in 2008, the Times reports. "We have done huge things for society and stakeholders, including [managing] hundreds of billions of risk that the country was exposed to that isn't exposed to any more," Hester said. "So it is entirely proper to be assessed on the things I have done. I believe that this nation is off the hook for a lot of bad things, though not entirely off t...