RBS boss in line for €11.3m pay package

Royal Bank of Scotland (RBS) confirmed its chief executive Stephen Hester is in line for a pay package of more than £9.7m (€11.3m) if he leads a turnaround of the ailing lender.

RBS won support from UK Financial Investments (UKFI), which controls the Government’s more than 70% stake, for Mr Hester’s salary and long-term bonus arrangements at a meeting last week.