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’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.
"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