RBS

RBS DETAILS NEW INCENTIVE SCHEME

Four senior executives at Royal Bank of Scotland, which is majority owned by the government, could be in line to receive shares that are currently worth close to £5m.

RBS had to be bailed out by the taxpayer last October and reported losses of £24.1bn for 2008.

The bank has been at the centre of a political storm since it emerged that Sir Fred Goodwin, its former chief executive, is receiving a pension of £703,000 a year despite bringing the bank to its knees.

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