RBS chief ‘needs freedom’ to rebuild bank

Royal Bank of Scotland’s chief executive needs to be given the freedom to complete his turnaround plan without excessive interference, the bank’s chairman said yesterday.

“There are… still risks on the horizon and the task of rebuilding RBS has some way to go,” Philip Hampton said yesterday at the bank’s annual shareholder meeting.

“It is important… that the RBS management team is given the support and the freedom they need to continue their work to make us still safer and stronger,” said the chairman of the bank that also owns Ulster Bank.