Page 213 - Bank Case Studies
P. 213
Ross McEwan joined the RBS in
2013. McEwan is a radically
different CEO to his predecessor
Stephen Hester, who ran the bank
from 2008 to 2013.
Hester, during his tenure, shrank
the bank's balance sheet down by
£900 billion and cut costs. But against this background of
were huge litigation problems, loss making investment
banking divisions and ongoing restructuring the U.K.
government was not in a position to attempt the sale of its
stake in RBS.
McEwan, by contrast, seemed more in tune with what the
government wanted; a retail bank that was on the path to
privatisation.
