The costs of settling these kinds of cases go beyond the actual settlement amounts.

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Mr Bullock's lawyer, Jill Greenfield, said the compensation or the actual claim value cannot be revealed because the settlement was arrived at in a private hearing.

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The actual risk of any out-of-pocket settlement by a director is quite low says Stanford University Professor David Larcker, author of Corporate Governance Matters.

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What is really amazing about the RBS settlement is that, for once, a bank is making the actual traders who committed the fraud pay.

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As for the big settlement blocks, he was more circumspect in public but hardly so in his actual policy.

ECONOMIST: Israel