The chairman of Royal Bank of Scotland conceded under tough questioning from the bank's shareholders Tuesday that he could not guarantee an end to the rash of 'skeletons in the cupboard' which have plagued the taxpayer-funded bank over the last few years.
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Trending Royal Bank of Scotland Stories
Job losses and branch closures are looming at the Royal Bank of Scotland, the chairman of the bailed-out bank has warned as shareholders accused the bank of having "cosy" and "unsustainable" pay deals.
David Cameron has raised the prospect that Royal Bank of Scotland could be returned to the private sector at a loss to the taxpayer through a share sale to the public.
Royal Bank of Scotland could be poised to release potentially lucrative bonuses to a handful of top bankers from a share-based scheme put in place three years ago.
Royal Bank of Scotland (RBS) has appointed Helen Gordon as Head of West Register, RBS's investment company which acquires property from financially distressed situations and creates value with a view to exiting when market conditions determine.