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Fred Goodwin

Factbox: Favourites and long-shots to be new RBS CEO

Nathan Bostock, Royal Bank of Scotland's head of restructuring, is the early favorite to replace Stephen Hester as chief executive of the state-controlled bank, according to bookmakers.The search is being led by Chairman Philip Hampton. The following are the favorites and some potential long-shots to replace Hester, who was ousted on Wednesday. (Odds from Ladbrokes and Paddy Power):NATHAN BOSTOCK (3/1)Joined RBS in June 2009 as head of restructuring and risk, and is due to step up to finance director in October. Has shrunk the non-core loan book. The former Abbey National finance boss almost left RBS to join Lloyds two years ago, but opted to stay. The accountant had spent a decade at RBS before joining Abbey.BRUCE VAN SAUN (8/1)RBS's American finance director has been Hester's right-hand man since arriving in October 2009. RBS said last month that Van Saun will take over its U.S. business Citizens to oversee its flotation in the next two years. He was keen to return to the United Stat...

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  5. UK Cameron: Will Again Limit State-Owned Bank Bonuses To GBP2,000

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  1. HBOS Ex-CEO Crosby Sitting On GBP25 Million Pension Pot - Report

    Former HBOS chief executive James Crosby, who was roundly criticized Friday for his part in the downfall of the mortgage lender, is entitled to a GBP700,000 annual p...

  2. Royal Bank of Scotland faces $6 billion investor action

    A group of shareholders in Royal Bank of Scotland is suing the lender and four former directors for losses they claim they incurred when the bank succumbed to a stat...

  3. RBS Faces $6 Billion Lawsuit

    Royal Bank of Scotland Group PLC and four of its former executives were sued Wednesday by 12,000 individuals and around 100 institutions--all current or former share...

  4. RBS execs focused on its "cardiac arrest", not Libor

    Royal Bank of Scotland's management failed to spot the manipulation of benchmark interest rates by traders because they were focused on keeping the bank alive, the h...

  5. Timeline: RBS fined $615 million over Libor rigging

    Britain's Royal Bank of Scotland will pay U.S. and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated glob...

  6. Timeline: RBS set to pay heavy fines over Libor rigging

    Royal Bank of Scotland is set to pay large fines for its role in rigging the Libor interest rate.April 3, 2007 - RBS leads a consortium along with Fortis and Spain's...

  7. RBS CEO Hester: Considered Resigning During Bonus Row

    Stephen Hester, chief executive of the largely government-owned Royal Bank of Scotland Group PLC (RBS), Wednesday said he had considered resigning from the bank duri...

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