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Departing RBS chief saved the bank. Who will save it now? Add to ...

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Hail the conquering hero? Royal Bank of Scotland shareholders have a lot to thank Stephen Hester for, despite the outcry every time he thought about taking a bonus. True, the share price has fallen by a third during his tenure. But he has taken the bloated, bailed-out mess he inherited from Fred Goodwin in 2008 and turned it into something the government, which owns 82 per cent, can consider privatising. The bank made a £24-billion ($38.3-billion) net loss in the year he started. This year a £2-billion profit is expected.

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