Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

RBS execs to divvy up £6m in share awards

4 Comments
RBS execs to divvy up £6m in share awards

A handful of Royal Bank of Scotland executives are to share rewards of up to £6 million - just weeks after the bank's stinging £390 million rate rigging fine.

According to The Times, the share awards will be divided up among a small number of staff, but could stoke further controversy coming in the wake of the penalty from UK and US regulators.

Moreover, the staggering messages about Libor manipulation at RBS - including internal notes like 'It's amazing how Libor fixing can make you that much money' published on the CFTC website - are still fresh in the minds of shareholders and members of the public.

Stephen Hester, the bank’s chief executive, could also come under pressure for the £780,000 of shares he is due to receive next month.

Although Hester (pictured) will take delivery of the shares in March, they form part of his 2010 bonus award.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter