Bad bank chief "only top RBS exec to get bonus this year"

London

THE only member of Royal Bank of Scotland Group plc's (RBS) executive committee likely to get a bonus this year is the man charged with getting rid of the lender's unwanted assets, according to a person with knowledge of the matter.

While Rory Cullinan, who heads RBS's bad bank, will receive a payment, the nine other members of its top leadership team won't, including chief executive officer Ross McEwan and chief financial officer Ewen Stevenson, said the person.