CHIEF executive Stephen Hester and his fellow executives at RBS have been heavily offloading their bank’s shares in the past year while executives at rival banks have been buying theirs, the Sunday Herald can reveal.
Members of the RBS board and senior management have been net sellers of RBS shares worth nearly £3 million since last August, a move which many investors are likely to interpret as a negative signal about their commitment to the company. Hester and investment banking boss John Hourican have been the main figures, selling over £2.6m in shares between them.
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