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RBS Ex-CEO to Receive £600K Pension Amid £10B Loss

5/26/2025

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Summary

Story summary

Fred Goodwin, the former CEO of Royal Bank of Scotland, is set to pocket a staggering £600,000 a year in pension, even as the government grapples with a £10 billion loss from selling its stake in the bank. This comes on the heels of a £45 billion taxpayer bailout during the 2008 financial crisis, with only £35 billion anticipated to be recouped. Meanwhile, NatWest is making strides towards complete private ownership.

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Story summary

Fred Goodwin, the former CEO of Royal Bank of Scotland, is set to pocket a staggering £600,000 a year in pension, even as the government grapples with a £10 billion loss from selling its stake in the bank. This comes on the heels of a £45 billion taxpayer bailout during the 2008 financial crisis, with only £35 billion anticipated to be recouped. Meanwhile, NatWest is making strides towards complete private ownership.