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20/01/2012
Miliband Says RBS Chief Should Lose Knighthood
Labour leader Ed Miliband has said it was "clearly wrong" for former Royal Bank of Scotland (RBS) chief Fred Goodwin to be knighted, as the banker accepts a seven figure bonus despite halving his bank's share price.
Sir Fred Goodwin has been heavily criticised over the bank's near collapse, was honoured for "services to banking" under the previous Labour government in 2004.
However, Prime Minister David Cameron has said the cash element of bonuses at the now state-controlled and bailed out Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will continue to be limited to 2,000 pounds ($3,100).
Mr Cameron made the initial call for the knighthood given to former RBS chief Fred Goodwin to be reviewed.
In an interview with the Daily Mail on Thursday, the Labour leader said honours had been stripped before.
"It was clearly wrong for him to be given a knighthood, knowing what we know now about the damage he caused not just to RBS but to hard-pressed ordinary families up and down Britain who are now paying the price of his failure," he said.
"It was wrong to have given him the knighthood and it’s right that it should be revoked. We have seen some other examples – Prince Naseem (the former world boxing champion) had an honour taken away, and there was a headteacher that had hers taken away."
(DW)
Sir Fred Goodwin has been heavily criticised over the bank's near collapse, was honoured for "services to banking" under the previous Labour government in 2004.
However, Prime Minister David Cameron has said the cash element of bonuses at the now state-controlled and bailed out Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will continue to be limited to 2,000 pounds ($3,100).
Mr Cameron made the initial call for the knighthood given to former RBS chief Fred Goodwin to be reviewed.
In an interview with the Daily Mail on Thursday, the Labour leader said honours had been stripped before.
"It was clearly wrong for him to be given a knighthood, knowing what we know now about the damage he caused not just to RBS but to hard-pressed ordinary families up and down Britain who are now paying the price of his failure," he said.
"It was wrong to have given him the knighthood and it’s right that it should be revoked. We have seen some other examples – Prince Naseem (the former world boxing champion) had an honour taken away, and there was a headteacher that had hers taken away."
(DW)
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01 February 2012
Fred Losing Knighthood 'Right' Says Miliband
Leader of the Labour Party has welcomed the news that the former boss of the Royal Bank of Scotland has lost his knighthood. The Cabinet Office announced on Tuesday after weeks of speculation that Fred 'The Shred' Goodwin would be stripped of his title.
Fred Losing Knighthood 'Right' Says Miliband
Leader of the Labour Party has welcomed the news that the former boss of the Royal Bank of Scotland has lost his knighthood. The Cabinet Office announced on Tuesday after weeks of speculation that Fred 'The Shred' Goodwin would be stripped of his title.
18 June 2009
Ex Bank Chief To Return Some Of His Pension
The former Royal Bank of Scotland (RBS) boss, Sir Fred Goodwin, is to hand back some of his £703,000 a year pension, it has been revealed. It is understood he is preparing to give up as much as £200,000 a year, which would cut the value of his pension pot by around £4 million.
Ex Bank Chief To Return Some Of His Pension
The former Royal Bank of Scotland (RBS) boss, Sir Fred Goodwin, is to hand back some of his £703,000 a year pension, it has been revealed. It is understood he is preparing to give up as much as £200,000 a year, which would cut the value of his pension pot by around £4 million.
26 February 2009
Ex-RBS Boss Urged To Give Up Pension, As 'Largest Annual Losses' Announced
The failed boss of the Royal Bank of Scotland (RBS) has been called upon to give up his £650,000-a year pension, as the institution posts its largest annual loss in UK corporate history. Prime Minister Gordon Brown has threatened legal action if disgraced former RBS chief Sir Fred Goodwin fails to comply with the request, it has emerged.
Ex-RBS Boss Urged To Give Up Pension, As 'Largest Annual Losses' Announced
The failed boss of the Royal Bank of Scotland (RBS) has been called upon to give up his £650,000-a year pension, as the institution posts its largest annual loss in UK corporate history. Prime Minister Gordon Brown has threatened legal action if disgraced former RBS chief Sir Fred Goodwin fails to comply with the request, it has emerged.
06 February 2013
RBS Fined Over Libor Rate-Fixing
Royal Bank of Scotland has been fined £390m for its part in the Libor rate-fixing scandal. UK and US authorities imposed the fine, with the UK Financial Services Authority (FSA) issuing a penalty of £87.5m, while £300m will be paid to US regulators and the US Department of Justice.
RBS Fined Over Libor Rate-Fixing
Royal Bank of Scotland has been fined £390m for its part in the Libor rate-fixing scandal. UK and US authorities imposed the fine, with the UK Financial Services Authority (FSA) issuing a penalty of £87.5m, while £300m will be paid to US regulators and the US Department of Justice.
10 April 2013
Ex-Chief Of Failed Bank Asks To Return Knighthood
Following a critical report into the collapse of HBOS during the financial crisis, former chief executive Sir James Crosby has asked for his knighthood to be removed, will forgo 30% 30% of his £580,000-a-year HBOS pension and has resigned as a non-executive director of Compass Group.
Ex-Chief Of Failed Bank Asks To Return Knighthood
Following a critical report into the collapse of HBOS during the financial crisis, former chief executive Sir James Crosby has asked for his knighthood to be removed, will forgo 30% 30% of his £580,000-a-year HBOS pension and has resigned as a non-executive director of Compass Group.
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