Risk Audit - Training and Recruitment
Wednesday, 08 February 2012

“Prove The Critics Wrong”

That is the rallying call issued by Stephen Hester, CEO of Royal Bank of Scotland, to the bank’s staff.

His e-mail notes that the bank’s task has been made more difficult by being in the spotlight.

At the same time, Mr. Hester revealed that RBS has incurred £ 38 billion in costs as it seeks to re-model itself. This number includes loan losses, asset disposal costs and restructuring charges.

It would also seem that RBS will reveal that earnings profile of its eight highest paid staff even though this will not be a legal requirement.

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