Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: George Osborne denies making RBS boss leave

Chancellor George Osborne denied that he made the former chief executive of Royal Bank of Scotland (RBS), Stephen Hester, leave his post at the majority state-owned bank.

Following Mr Hester's announcement last week that he would be stepping down from his role at RBS, the chancellor has insisted that the ex-boss left of his own accord.

However, Mr Osborne added on Radio 4's Today programme that Mr Hester did seek his consent and approval.

The state-backed bank will now need to gain a new chief executive as it tries to become privatised again, helping taxpayers get back the money they lost when it had to be bailed out during the financial crisis.

Although Mr Hester said he had hoped to see the bank return to privatisation, he will be leaving his position in December. Meanwhile, the Treasury said it wishes to see public shares in the bank sold by roughly the same time in 2014.

Moves towards privatisation at RBS may have been slowed somewhat last year when the bank was tied up in such incidents as the payment protection insurance mis-selling and Libor rigging scandals.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801600500-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide