Taxpayers set for £10bn loss on NatWest as disgraced ex-boss takes £600k-a-year pension

Government expected to sell last shares in banking group this week, drawing a line under 2008 financial crisis bailout

Fred the Shred" Goodwin, the disgraced ex-boss of Royal Bank of Scotland, is estimated to be receiving an annual pension worth nearly 600,000, as the government prepares to declare a 10bn loss after selling its final stake in the bank as early as this week.

The banking group, now known as NatWest, is expected to return to full private ownership within days, drawing a line under a 45bn state bailout that saved the bank from the brink of collapse at the height of the 2008 financial crisis.