RBS Asks Court to Block $1 Million Bonus to Ex-Risk Chief
This article is for subscribers only.
Royal Bank of Scotland Group Plc asked a London court to approve a decision to block a 700,000-pound ($1 million) bonus awarded to its former head of corporate risk solutions before his dismissal.
Gary Cottle, who headed risk solutions in the investment banking division, lost his job when the unit was restructured in 2011 and refused to accept an alternative post, RBS said in court documents.