Former boss of State-backed RBS is given a £2million shares bonus two years after leaving his job

Former Royal Bank of Scotland boss Stephen Hester has been handed a £2million bonus — almost three years after he was pushed out of his job by George Osborne. Details of the award emerged in the bank’s annual report, which showed how the state-backed lender had lurched to another £2billion loss last year. Mr Hester’s windfall from a 2012 shares bonus — which comes on top of a £2.2million pay package in his new role as boss of insurance giant RSA — was branded a ‘reward for failure’ by a union leader last night.