RBS Chairman Says Bank Has Done More Than Others to Reduce Pay

  • Edinburgh-based bank passed pay report with 99.6% backing
  • Howard Davies says lender is paying executives `responsibly'

Royal Bank of Scotland Group Plc has done more than any other bank to reduce executive compensation in the wake of the financial crisis, cutting the bonus pool at its investment bank by more than 90 percent since 2010, Chairman Howard Davies told shareholders.

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