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RBS "Mess" Stills Needs Clearing Up Says CEO
(ROUGH CUT - no reporter narration) Hester said the bank still had a "mess to clear up". Earlier RBS chairman Philip Hampton defended bonuses due to be paid to Hester despite the British bank being punished for rigging interest rates. While RBS, 82-percent owned by the taxpayer, has faced criticism over a deferred bonus of 780,000 pounds ($1.2 million) Hester is set to receive in March, Hampton told lawmakers that Hester's pay was modest by the industry's standards.
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