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Royal Bank of Scotland

January 15, 2010 - 0 comments

London -- The Royal Bank of Scotland and two other British banks appear to be caught up in the proposed bank fee announced by U.S. President Barack Obama Thursday.

January 12, 2010 - 0 comments

London-- The chief executive officer of the Royal Bank of Scotland said Tuesday in a government hearing that his parents thought he was paid too much.

by Jamie Anderson - January 8, 2010 - 0 comments

Edinburg, Scotland, January 8 -- Continuing its endeavor to restructure its business after being bailed out by the U.K. government last year, the Royal Bank of Scotland Group PLC (RBS.L) announced that it will sell off part of its non-core asset management businesses to Aberdeen Asset Management PLC (ADN.L).

by Ishita Sood - November 27, 2009 - 0 comments

London, November 27 -- Stock markets fell around the world Thursday as investors worried over Dubai’s rising debt.

June 18, 2009 - 0 comments

London -- Shamed former Royal Bank of Scotland Chief Executive Officer Fred Goodwin said he would return half his lavish pension plan to pave a move back to Britain.

April 3, 2009 - 0 comments

Gogarburn, Scotland -- Angry shareholders gathered for a Royal Bank of Scotland shareholders' meeting Friday prepared to vote no on the bank's controversial remuneration report.

Submitted by Shruti Sharma on Fri, 02/27/2009 - 23:58 ::

London -- Former Royal Bank of Scotland executive Fred Goodwin said British Financial Services Secretary Paul Myners approved his $1 million annual pension pay.

At the highest ranks in the British Treasury, including Chancellor of the Exchequer Alistair Darling, the government has asked Goodwin to return some of the pension he was granted last year, The Independent reported Friday.

But, Goodwin, who retired at age 50 after leading the bank to an annual loss of $34 billion, has refused the invitation to voluntarily return any of the money.

In a letter sent to Myners Thursday, Goodwin said he had been informed his pension "was specifically raised by you … and you indicated that you were aware of my entitlement and that no further gestures would be required."

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