AOL.com Video - RBS 'Mess' Stills Needs Clearing Up Says CEO

VIDEO:News

RBS "Mess" Stills Needs Clearing Up Says CEO

Description:(ROUGH CUT - no reporter narration) Hester said the bank still had a "mess to clear up". Earlier RBS chairman Philip Hampton defended bonuses due to be paid to Hester despite the British bank being punished for rigging interest rates. While RBS, 82-percent owned by the taxpayer, has faced criticism over a deferred bonus of 780,000 pounds ($1.2 million) Hester is set to receive in March, Hampton told lawmakers that Hester's pay was modest by the industry's standards. (2:17)

Source: Reuters

Tags: reuters , british , philip hampton