Summary
WHILE torrential rain and gale force winds lashed the Scottish Parliament, Stephen Hester gave MSPs a lesson in unflappability in Committee Room 2.
As chief executive of Royal Bank of Scotland since last November, Hester has been doing a job that is probably about as stressful as they come. His brief includes turning around a bank that we learned on Tuesday was in such dire straits last October that it needed a secret emergency loan of GBP36.6 billion from the Bank of England.See the full content of this document
Extract
Hester: Rbs Was 'Poster Child of Excess' Analysis
He has to do this well enough to give the government a chance of offloading the 84per cent stake it is acquiring for a good deal more than the GBP45bn equity support it has provided.
Hester will have leeway to take tough action but he has to try to a...See the full content of this document
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