Philip Hampton

RBS to Reduce 1,400 Jobs in U.K. Consumer Unit Overhaul

Royal Bank of Scotland Group Plc, the recipient of the world’s biggest banking bailout, will cut 1,400 head-office jobs in the next two years as part of an overhaul of its consumer unit in the U.K.

Cameron Refuses to Rule Out Selling U.K. Stake in RBS at a Loss

Prime Minister David Cameron refused to rule out selling the British government’s stake in Royal Bank of Scotland Group Plc at a loss as the lender’s management eyes a sale by late 2014.

RBS Chairman Signals Further Job Cuts, More Branch Closures

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.

London Mayor Calls for RBS to Be Broken Up When Shares Recover

London Mayor Boris Johnson called for Royal Bank of Scotland Group Plc, Britain’s largest state-owned lender, to be broken up and sold as soon as the share price recovers.

RBS on Brink of Profit Seen by Van Saun as King Urges a Breakup

Rory Cullinan runs the world’s worst bank from a fifth-floor office overlooking Liverpool Street station in London. His 400-person outfit doesn’t lend money or trade securities. Instead, it sells blown-out mortgages, busted loans and entire companies amassed by Royal Bank of Scotland Group Plc before it collapsed in the global financial crash of 2008. On a Friday afternoon in February, Cullinan is savoring a new feeling in his life as a toxic-asset disposal specialist: hope that the worst is finally over.

RBS Chairman Hampton Says He Can't Predict When Bank Will Return to Profit

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.

RBS’s Libor Fine Bonus Pledge Attacked as ‘Creative Accounting’

Royal Bank of Scotland Group Plc’s pledge to recoup 300 million pounds ($470 million) of its fine for rigging interest rates from bankers’ bonuses was criticized by British lawmakers as an exercise in “creative accounting.”

RBS Says Chairman Hampton Won’t Get Bonus Amid Furore Over Pay

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.

Banker Pay, Monte Paschi Bailout, Auto-ABS: Compliance

European plans to levy the world’s toughest bonus restrictions on bankers drew condemnation in London as the industry warned it may backfire as firms raise fixed pay instead.

RBS Chairman Hampton Says CEO Bonus Hasn’t Been ‘Discussed’

Royal Bank of Scotland Group Plc’s Chairman Philip Hampton said the lender’s remuneration committee has not discussed whether Chief Executive Officer Stephen Hester will recieve a bonus for 2011.

"We've got to have our branches where our customers are, not always where we have had them for decades."

- Philip Hampton on May 14, 2013

Stephen Hester

Conservative Party

George Osborne

Exiting IRS Chief Denies Targeting as Republicans Pounce

European Stocks Rise on U.S. Consumer Confidence Report

U.S. Stocks Advance on Leading Indicators, Sentiment Data

Tesla Plans to Raise $1.08 Billion While Paying Back U.S.

Gold Heads for Longest Slump in Four Years on Fed, Dollar