RBS to pay bonuses totalling €1.47bn

Royal Bank of Scotland is to pay bonuses totalling £1.3bn (€1.47bn) to its investment bankers despite expectations of grim annual results tomorrow.

RBS to pay bonuses totalling €1.47bn
Wed, 24 Feb, 2010 - 15:23

Royal Bank of Scotland is to pay bonuses totalling £1.3bn (€1.47bn) to its investment bankers despite expectations of grim annual results tomorrow.

The payout is thought to have been given the green light by UK Financial Investments (UKFI), the body set up to manage the Government’s stakes in banks.

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CourtsBusinessHeathrowPlace: UKPlace: EnglandPlace: WalesPlace: ScotlandPerson: Stephen HesterPerson: HesterOrganisation: RBSOrganisation: Royal Bank of ScotlandOrganisation: UK Financial InvestmentsOrganisation: UKFIOrganisation: EuropeOrganisation: Williams & GlynOrganisation: NatWestOrganisation: ChurchillOrganisation: Direct LineOrganisation: Lloyds Banking GroupOrganisation: Treasury
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