The Royal Bank of Scotland 's management board denied a possible shareholder revolt over executive pay , however , the bank did say that there were difficult times ahead and that there will further cost cuts . Chairman John McEwan added though , at the AGM in Edinburgh , that the heaviest cuts would be over by the end of this year .
The Royal Bank of Scotland's management board survived a possible shareholder revolt over executive pay, however, the bank did warn that there were difficult times ahead and that there will further cost cutting. CEO Ross McEwan added though, at the AGM in Edinburgh, that the heaviest restructuring would be over by the end of this year.