
RBS chairman departs earlier than expected
McKillop said, "While my retirement was originally planned for April 2009, I believe it is appropriate to bring this forward so that Hampton can complete the restructuring of the board, and work with the board and executive teams on the strategy going forward. I wish him and the board every success in this difficult financial and economic environment as they strive to restore the bank's prosperity."
RBS plans to announce its 2008 annual results on February 26. In January, the bank warned it expected to report multibillion-pound losses and writedowns associated with the 2007 takeover of parts of the Dutch bank ABN Amro.
See also: Massive writedowns expose failure of RBS' ABN Amro takeover
Banks cut staff in Europe and US
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on People
Risk management
Union beckons for the three quant tribes
Studies may be deferred, but future for grads is bright, argues UBS’s Gordon Lee
Receive this by email