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Monday, May 31, 2010

Royal Bank of Scotland Rejects Protests Over £1 Billion Bonus Payout


Royal Bank of Scotland will ignore protests and award up to £1 billion in bonuses to its staff next month. The bank will pay out a combined total of between £950 million and £1 billion.

However, several RBS institutional investors believe that the bank should not be paying anyone a bonus while it is still loss making. Last year the lender made a pre-tax loss of £2.6 billion.'

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Posted by DotConnector at 10:51
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1 comment:

  1. Antonia - Beauty Health Finance and Green Issues Editor31 May 2010 at 18:40

    Corporate corruption at it's finest.

    In the meantime, this bank is still laying people off and selling off its buildings all the while giving giving out rewards for failure.

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