RBS Falls After Hester Exiting as 2,000 Job Cuts Planned - Bloomberg

RBS Falls After Hester Exiting as 2,000 Job Cuts Planned - Bloomberg

His exit may delay the government’s plans to reduce its 81 percent stake in RBS to late 2014, according to Bank of America Corp. analyst Michael Helsby. It may be hard to find a replacement given the political interference in how the bank is run, said Crispin Odey, whose London-based Odey Asset Management LLP oversees $9.5 billion. A panel of British lawmakers is this week considering whether to push for a break-up of the lender, which received the biggest banking bailout in the world during the financial crisis.