Stephen Hester Drops £1m RBS Bonus
Labour leader Ed Miliband says the threat of a Commons vote to condemn Stephen Hester's bonus was the driving force behind his decision to waive it. Report by Adam Sich.

Shares Bonanza For State-Owned Bank Chief
SKY NEWS: Royal Bank of Scotland boss Stephen Hester has been awarded an extra shares bonus worth up to £4.5m - taking his pay package for 2010 to a potential £7.7m.

The award - made under the bank's long-term incentive plan - is on top of a £2m annual bonus already confirmed by the group and Mr Hester's £1.2m salary.

He also stands to pick up six million shares as part of his 2011 maximum annual bonus.

Based on the current share price, these would be worth around £2.7m.

RBS has also revealed bonus payments for a raft of other executives at the bank, which is 83% owned by the taxpayer.

They include a £1.4m annual handout and potential £2.8m long-term incentive payout for finance boss Bruce Van Saun. >>> Graham Fitzgerald, Sky News Online | Tuesday, March 08, 2011

Big Bonus For Barclays Boss
The boss of Barclays, Bob Diamond, is to get a £6.5m bonus