Ulster chief could still receive bonus

Scandal-hit Ulster Bank’s chief executive Jim Brown could still pick up a lucrative bonus this year, despite the head of the wider RBS Group foregoing the “inappropriate” payment.

On the 11th day of the IT computer systems crisis yesterday, Royal Bank of Scotland chief executive Stephen Hester confirmed he would not receive any extra pay this year as a gesture to furious customers.

The move means he is effectively foregoing a €1m-plus all shares extra fee because of the damage the bank’s internal IT problems have caused to more than 100,000 Irish customers and 17m people in Britain for almost a fortnight.