RBS boss makes loss on shares

Royal Bank of Scotland head of global banking and markets John Hourican has sold 1.1m of his shares in the bank at a rate of just 24p. Shares in the bailed-out bank were worth 44p last year when Hourican received a massive share bonus. But he was forced to hold on to them for six months as the stock dropped. Despite the tumble, Hourican won out by selling on Friday, as the share price dropped to 22.9p yesterday.