Philip Hampton

Philip Hampton News

  • Standard Life to Consider Relocating Should Scots Leave U.K

    Standard Life Plc, the life insurer founded in Scotland in 1825, said it’s preparing to shift business elsewhere should voters opt for independence from the U.K. and risks around the currency and regulation increase.

  • RBS Poised for Biggest Loss Since Crisis on Mortgages Provision

    Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, is on track for its largest pretax loss since 2008 after setting aside 3.1 billion pounds more ($5.1 billion) for legal and compensation claims.

  • 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 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.

  • 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.

  • RBS at Less Than Break-Even Valuation Discredits Osborne

    Five years after giving Royal Bank of Scotland Group Plc a record banking bailout, the British government is making it harder to recoup its money by sowing confusion over the firm’s structure and future profitability.

  • 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.

  • 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 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’s Hampton Says Bankers’ Pay Exceeds Performance, BBC Reports

    Royal Bank of Scotland Group Plc Chairman Philip Hampton said big increases in bankers’ pay haven’t been matched by what they’ve delivered to shareholders, the BBC reported, citing an interview to be aired tomorrow. “The most peculiar thing about it all, actually, if you look at the last 10 years of massive increases in pay, is that the performance for shareholders has been pretty disastrous really across most banks,” the broadcaster cited Hampton as saying.

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