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The Royal Bank of Scotland CEO has been pressured not to accept his yearly bonus that is valued at around £1m after the taxpayer owned bank confirmed that Stephen Hester would still receive a bonus. The payment is funded in shares and is 60% of what he would have received ordinarily, and could be worth [...]  The future of banking in England is up for debate. The argument is basically about whether big banks, specifically Lloyds Bank and Royal Bank of Scotland, should be broken down, split up, and otherwise divested of the virtual monopoly they hold on the bank accounts and therefore the purse strings of most British citizens and [...] |
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