Executive Pay

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RBS board survives revolt over pay

RBS building

The board of Royal Bank of Scotland survived a potential shareholder revolt over executive pay packages yesterday, but warned of continued difficult times ahead as the loss-making bank continues to look to slash costs.

BofA shareholders OK pay

Bank of America

Bank of America shareholders elected all 13 directors nominated by the bank at its annual meeting on Wednesday, while approving compensation for top executives in a non-binding decision.

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