RBS Jilted as Santander Rejects Branch Deal
Royal Bank of Scotland Group Plc was left standing at the deal altar late Friday after Spain’s Banco Santander abruptly pulled the plug on the deal after winning an auction to buy 316 RBS branches.
Barclays, HSBC Chiefs Might Keep Bonuses
It is unlikely that Robert Diamond and Stuart Gulliver, of Barclays and HSBC Holdings, respectively, will be forced to waive their bonuses. Their banks, along with Standard Chartered, unlike RBS, did not receive public funds.
Under Pressure, RBS CEO Waives Bonus
The CEO of Royal Bank of Scotland Group has decided to waive his bonus of 963,000 pounds ($1.5 million), but it wasn’t an entirely altruistic gesture. He reached that decision after the Labour Party said it would ask Parliament to vote on the matter.