Royal Bank of Scotland Group Plc, Chairman Philip Hampton said he couldn’t predict when the bank, the biggest U.K. government-owned lender, will become profitable.
Royal Bank of Scotland Group Plc said Chairman Philip Hampton won’t receive a bonus agreed when he joined in 2009 amid political furore over executive pay at Britain’s biggest state-owned lender.
Royal Bank of Scotland Group Plc, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said.
"Our IT failure in the summer of 2012 revealed unacceptable weaknesses in our systems and caused significant stress for many of our customers."
- Philip Hampton on Nov 19, 2014