British taxpayer props up RBS

The part-nationalised Royal Bank of Scotland is being propped up with £20bn (€22.8bn) of the UK's public money and is 68% owned by the British taxpayer.

It is likely to face public anger over its reported discussions about almost £1bn (€1.14bn) worth of bonuses with UK Financial Investments (UKFI), the body set up by the Treasury to manage the Government’s shareholdings in Britain’s troubled banks.