Stephen Hester, chief executive of Royal Bank of Scotland
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RBS boss Stephen Hester on banking woes and bonus

Stephen Hester, chief executive of Royal Bank of Scotland, has decided not to take a bonus for this year.

The decision followed the chaos due to an update to RBS computer systems, which left many customers unable to access their accounts or move money.

In an interview with the BBC, he confirmed that RBS is one of the banks being investigated about attempts to manipulate Libor interest rates, for which Barclays has already been fined.

  • 29 Jun 2012