Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

RBS’s Machale, Last of Goodwin’s Directors, Said to Step Down

Royal Bank of Scotland Group Plc director Joseph Machale will step down, becoming the final board member appointed under former Chief Executive Officer Fred Goodwin to depart, according to person briefed on the move.

Machale, a non-executive director, has served on the board for about nine years, said the person, who declined to be identified because the move hasn’t been announced publicly. The lender hasn’t decided if he will be replaced, the person added.

RBS received a 45.5 billion-pound ($69 billion) government bailout in 2008 and 2009, the biggest bank rescue in the world, following its purchase of Amsterdam-based ABN Amro Holding NV’s investment banking and Asian assets three months before the credit crisis started.

The government replaced Goodwin as CEO with Stephen Hester and removed Chairman Tom McKillop and appointed Philip Hampton in his place. In Feburary 2009, seven non-executive directors stepped down as the government overhauled the board.

Sky News reported the move earlier today. Officials at the Edinburgh-based lender declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.