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.....boss Hester claims restructuring of bank nearly complete
RBS faces paying 'a lot of money' to make amends for its role in a catalogue of banking scandals, chief executive Stephen Hester warned today as reports suggested the taxpayer-backed bank was involved in more widespread manipulation of the Libor rate than has been admitted. Speaking at a banking and insurance conference in London, Stephen Hester warned industry-wide scandals, such as Libor-fixing, mis-sold payment protection insurance (PPI) and money laundering accusations, would cost the bank 'a lot of money'. Mr Hester said: 'We have to accept that the pendulum has swung, that society has a different attitude and determination to make sure that banks behave in a different way and improve their reputation......Read more here: RBS-warns-faces-big-scandal-boss-Hester-claims-restructuring-bank-nearly-complete
AAD Blog pages:
RBS Boss Fights Back Against Bonus Furore - allaboutFORUMS
Former RBS trader claims 'anyone' at bank could change rate - allaboutFORUMS
RBS rapped over 'last bank' advert - allaboutFORUMS
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