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| 29/06/2012 |
RBS Boss Turns Down Bonus Again |
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The Chief Executive of the Royal Bank of Scotland has waived his bonus for this year following the RBS computer failure that left many customers unable to access their accounts.
The bank and its subsidiaries, NatWest and Ulster Bank, are still struggling to deal with a backlog that will leave many people without access to their cash until "early next week", the bank has said.
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He confirmed that RBS is one of the banks being investigated about attempts to manipulate Libor interest rates.
The Financial Services Authority has already slapped a fine of £290m on Barclays for the malpractice.
Mr Hester, whose salary last year was £2.9m, said he "does not deserve" and "would not take" a bonus.
He turned down a bonus last year too.
(NE) |
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