Speaking at a press conference in London Prime Minister David Cameron has called into question a report that Royal Bank of Scotland chief executive Stephen Hester will receive a bonus of between £1.3m and £1.5m as "not accurate," Marketwatch.com is reporting.
Cameron told the journalists which were present that the largely state-owned bank's remuneration committee has not yet met and that no decision has been taken.
He also reiterated the government's policy on bonuses, which limits them at £2,000 at all levels.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
-
Is now the time to buy Marshalls?Former market darling Marshalls, a landscaping and building products supplier, looks too cheap. Is it time to buy this once-admired stock?
-
Shein’s London IPO could go ahead, despite forced labour concernsThe chief executive of the Financial Conduct Authority suggests that alleged human rights breaches aren’t a reason to block Shein’s proposed London IPO
