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RBS bonuses


dj1971
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The next round of bankers annual bonuses have been estimated at £5billion between HSBC, Barclays, Lloyds & RBS.

 

RBS who were fined $1.6million dollars in July 2014 for their part in fixing Australian exchange rates are expected to pay out £500million in bonuses.

 

In December 2014 they were fined £400million by regulators in UK & US for their part in il-legally fixing international foreign exchange rates.

 

A week later there were fined £56million by UK regulators after paying out £70million in compensation to customers for a Systems failure in 2012.

 

That is £527million in compensation and fines due to appalling management in a bank where we hold an 80% shareholding, yet have absolutely no say in the running of it and now we are expected to pay £500million in bonuses to the same incompetent management on top of their already over inflated wages.

 

Their justification for the bonuses? 1) They need to employ the very best 2) It is 15% lower than last years bonus pot.

 

Remember Mr Brown & Mr Cameron's words "there will be no reward for failure"

 

With labour and the coalition having already signed up to an additional £30billion cuts to public spending regardless of who wins the next election,

 

Who agrees "we're all in this together"?

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