23 February 2012

We're all in this together

Comment is superfluous.  The Independent reports:

Taxpayer-backed Royal Bank of Scotland remained at the heart of the row over bankers' pay today as it unveiled total losses of £2 billion for 2011 at the same time as paying £785 million in bonuses to its staff.

RBS, which is 82% state-owned after receiving a £45.5 billion bailout at the height of the financial crisis, said the bonus pool included £390 million for its 17,000 investment bankers. 


No comments: