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By JAMES CHAPMAN AND ALEX BRUMMER One of banking's fattest cats is to become the highest-profile casualty of the financial crisis. Sir Fred Goodwin, the chief executive of the Royal Bank of Scotland, is expected to quit today, just as his bank is given a humiliating £15billion lifeline from the taxpayer as part of the biggest nationalisation deal in history. But his departure will be cushioned by a pension pot of £8.4million, worth £579,000 a year, although he has agreed to waive the £1.2million in annual salary to which he would be entitled as a payoff. Enlarge Sir Fred Goodwin: A keen golfer, he took to the course on Sunday afternoon, the day on which his fate at RBS was almost certainly sealed The likely exit of Goodwin - nicknamed Fred the Shred for his ruthless cutting of costs and jobs - follows another weekend of... [read full story]
