'Far fetched' that government cannot step in over RBS bonus

Royal Bank of Scotland (RBS) boss Stephen Hester is to receive a bonus of almost £1m.

RBS announced on Thursday that Mr Hester is to get £963,000 in shares based on the bank's closing share price on Wednesday 25 January 2012.

The bank said the bonus was for "substantial progress in making RBS safer, rebuilding performance in many businesses and improving customer service and support".

London Mayor Boris Johnson said he thinks a state owned bank should be run on public service lines.