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Thursday, February 05, 2009

Bailed-out Royal Bank of Scotland Bankers Set for Millions in Bonuses

The troubled Royal Bank of Scotland, rescued with £20 billion of public money, is planning large bonuses for thousands of its City traders and senior bankers, The Times has learnt.

The proposed payments are expected to reach tens of millions of pounds — possibly hundreds of millions — with some star bankers in line for six-figure payouts.

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