RBS

  • 02 Aug 2013 at 1:42 PM

Bonus Watch ’13, ’14, ’15, Beyond: RBS CEO’s

The new guy is well-aware you don’t make friends with salad and/or enormous packages (base pay/pensions/etc excepted). Read more »

  • 30 Jul 2013 at 4:49 PM

Controversial RBS Share Sale Was Totally Worth It

Fact: The rights issue in question brought in £12 billion as the bank teetered on the brink.

Fact: The lawsuits stemming from that rights issue may cost it £4 billion, give or take. Read more »

  • 02 Jul 2013 at 4:16 PM
  • Banks

Look Who Gets To Smash RBS Into Little Pieces

The British are turning to a long-time collaborator to help handle their latest intractable issue. Read more »

  • 13 Jun 2013 at 12:09 PM

Layoffs Watch ’13: RBS

Stephen Hester is in good company. Read more »

Who Wants To Be CEO Of RBS?

Chairman Phillip Hampton will lead a search for a CEO successor and will consider both internal and external candidates, the bank said. It may be difficult to find a replacement given the political interference in how it is run, said Crispin Odey, whose London-based Odey Asset Management LLP oversees $9.5 billion. “The real problem for the government is that they’ve made the job look so unattractive that I can’t imagine who they are going to fill it with,” said Odey, who said he sold his RBS shares because of government meddling in the bank. [Bloomberg, earlier]

June 7, 2013: Apologising if he sounds “pompous”, Hester says the RBS job was something he took on as a “mission. I could have stayed out of the limelight at British Land but I wanted the challenge. Now I’ve taken it on, it commands all my focus.” Returning RBS to sustainable profitability and to private sector ownership will be the key measures of success. “I hate not winning, I hate it,” he says with a glimmer of passion. June 12, 2013: Stephen Hester, the chief executive of the part-nationalized Royal Bank of Scotland, announced on Wednesday that he was leaving the bank. [FT, Dealbook]

Some credit pros aren’t waiting for the penny-pinching Scots to show them the door. Read more »