RBS succumbs to Public Pressure

Jan 30 2012 @ 09:03
Royal Bank of Scotland Group (LSE:RBS) Chief Executive Officer Stephen Hester will no longer receive his £970,000 worth of RBS shares bonus. The decision came after the Labour Party leader Ed Miliband declared they will rouse the House of Commons to a vote over the controversial remuneration package. The news first broke out on Thursday, […]

RBS Executive Receives Hostile Public Reception for Hefty Bonus

Jan 27 2012 @ 03:36
Royal Bank of Scotland (LSE:RBS) CEO, Stephen Hester bonus of £963,000 in shares has come under scrutiny from various parties. To the anger of many Britons, the board of directors of the state-owned bank awarded Mr. Hester with the annual bonus which a majority of ordinary workers struggle to earn in a lifetime. The move […]

HSBC: Under Investigation for Money Laundering

Jan 26 2012 @ 08:49
HSBC (LSE:HSBA) has confirmed an investigation has been launched by the US regulators on possible breaches in the Anti-Money Laundering and Bank Secrecy Acts. Spokersperson for HSBC, Robert Shermann, stated the US division of the UK-based bank is having ongoing discussions with officials on a number of regulatory and compliance matters. “The nature of these […]

Lloyds' Banking Group CEO Planning to Return

Dec 12 2011 @ 08:22
According to Stocks & Shares TV, the board of Lloyds Banking Group will be making a decision soon as to approving the return of CEO; António Horta-Osório, who has been on medical leave since November, due to extreme fatigue.  UK Financial Investments has already indicated it is in favor of Horta-Osório’s return. UK Financial Investments […]

Lloyds' Interim CEO To Leave

Nov 04 2011 @ 11:24
Tim Tookey, the man who was named interim CEO of Lloyds on Wednesday has announced today his plans to leave the bank by March 2012 for insurance company Resolution. Tookey replaced the full time CEO António Horta-Osório, who was forced to take a leave of absence this week after being hospitalised for stress and exhaustion. […]
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