Rbs Bonus News

[Angry Cat]

http://www.bbc.co.uk/news/business-12407565

"Reports suggest that an estimated 200 of RBS's highest earning investment bankers would earn more than £1m in bonuses each."

Astonishing!

[di30]

Re: Rbs Bonus News

Bl**dy hell!
Makes my blood boil, but yes astonishing is the word Angry Cat!

[Angry Cat]

Re: Rbs Bonus News

Okay, it has been cut back.
But, it is still £950 Million!

So, the Royal Bank of Shame's elite, get their BIG bonuses;
but the Group won't give back the money owed to consumers in relation to mis-sold PPI?

[Angry Cat]

Re: Rbs Bonus News

There's also trouble at Mill!
Lord Oakeshott, said the Treasury Select Committee couldn't negotiate their way out of a paper bag:
http://www.bbc.co.uk/news/uk-politics-12411664

Sounds like he could be right...

[Quote]: The peer had branded the Treasury's deal on reducing bonuses and increasing lending "pitiful".

[Sapphire]

Re: Rbs Bonus News

In one word ....... W**kers !

[leclerc]

Re: Rbs Bonus News

They got more last year since the bonus pool has dropped to £950 million from £1.3 billion.
I wonder whether they have done even worse this year than last year.
However I wonder whether they will eventually follow HSBC's stance

HSBC's Douglas Flint reveals bank's $2bn bonus pool - Yahoo! UK & Ireland Finance

"Mr Flint told the MPs HSBC had shifted $150m of its bonus pool to boost salaries, but he insisted this was an attempt to satisfy regulatory demands and not to dodge the rules."


I doubt RBSG can but I suspect Barclays and others who haven't taken money from the government will do the same.

[Angry Cat]

Re: Rbs Bonus News

The row rumbles on...
http://news.aol.co.uk/main-news/stor...ameron/1577711

[leclerc]

Re: Rbs Bonus News

Lord Oakshott's personal row with the treasury rumbles on
BBC News - Lib Dem Lord Oakeshott stands by criticism of bank deal

The row is over Project Merlin and the Q&A's is here:
BBC News - QA: Project Merlin bank deal

Personally I think any deal that looks to guarantee small business lending is taking risk of bankruptcy out of the equation and may well mean that lending targets are not achieved(as I believe has been the case thus far.