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RBS chairman rejects £1.4m bonus

28 January 2012 Last updated at 17:58 GMT

Royal Bank of Scotland chairman Sir Philip Hampton has given up a £1.4m shares reward he was due next month.

Sir Philip told the bank's remuneration committee it would not be appropriate to receive the £5.17 million shares, says the BBC's Robert Peston.

Meanwhile, the government has decided to rule out blocking a £963,000 bonus, also in shares, for RBS chief Stephen Hester.

Robert Peston reports.