RBS gives directors £18.25m in shares

Pot Of Gold

The Royal Bank of Scotland has given 11 directors a share package worth up to £18.25m ($30.47m).

The BBC reports that CEO Ross McEwan was given shares worth up to £3m ($5.01m) under the plan, which will vest on 7 March 2017.

RBS, which is 81% owned by the UK government, announced the share deal to investors.

The government said in January it would veto any attempt for RBS to increase its overall bonus bill, but made no mention of individual pay awards.

To access the complete BBC article hit the link below:

RBS directors get £18.25m share deal

Scottish Independence: Citigroup says formal currency union 'unlikely'

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts