RBS boss who waived £1m bonus 'discomforted' by media coverage

Royal Bank of Scotland boss Stephen Hester has broken his silence after waiving a near-£1m bonus, saying that recent media coverage about the bank had been personalised and discomforting.

In a letter to the bank’s staff Mr Hester said many employees had felt an impact from the criticism even though it was mainly directed towards himself and his predecessor Fred Goodwin, who was stripped of his knighthood after leading the bank to the brink of collapse.