Stephen Hester, chief executive of Royal Bank of Scotland(RBS), mounted a strong defence of his bonus package to MPs yesterday, despite mounting criticism of the bank's involvement in the LIBOR scandal under his watch.
Hester told the Parliamentary Commission on Banking Standards he deserved the £780,000 payout from his long-term incentive package because of the "huge things" he had achieved since arriving at the taxpayer-owned...
Long-term growth potential is key
Positive return prospects for asset class
Valuation do not provide margin for error on downside
Too early to take a stance
Follows strong period for the precious metal