Scandal-hit Royal Bank of Scotland revealed bonuses of £607m (€701m)for staff in 2012 despite plunging deeper into the red with losses of £5.2 billion after a “chastening” year.

Bribery and rate-rigging took place at Royal Bank of Scotland even after it was bailed out by the taxpayer, regulators revealed yesterday, as they fined the banking giant £391m (€453m).

Ulster Bank parent Royal Bank of Scotland is to pay nearly £400m to regulators in the US and UK to settle its involvement in the Libor-rigging scandal.

Five years on from the start of the financial crisis, bankers worldwide still believe that social responsibility is not a top priority, new research from the Economist Intelligence Unit shows.

Royal Bank of Scotland’s chief executive needs to be given the freedom to complete his turnaround plan without excessive interference, the bank’s chairman said yesterday.

Royal Bank of Scotland saw its pay report overwhelmingly backed today as the taxpayer-backed bank reassured its investors it wanted to become “a bank that is built to last”.

Three out of four people in the UK think bosses at bailed-out banks should not get a bonus, according to research.

The chief executive of bailed-out lender Ulster Bank’s owners, Royal Bank of Scotland, already under political pressure to give back a £1 million (€1.2m) bonus for 2011, could get eight times as much in future under his current contract.

The chairman of the British taxpayer-funded Royal Bank of Scotland (RBS) will not receive a shares bonus worth £1.4m (€1.66m), the bank said today.

A £963,000 bonus for the boss of a UK taxpayer-funded bank has been attacked as “out of touch” by Labour, as a British government minister claimed he had a public “duty” to refuse it.

Royal Bank of Scotland boss Stephen Hester saw his controversial £7.7m pay package rubberstamped by the Government today as the bank insisted it had to pay staff “fairly”.

London: British Prime Minister David Cameron left for China yesterday at the head of the largest ever British trade delegation as he tries to show off his new policy of business-focused diplomacy.

The chairman of a British bailed-out bank has said that not all his staff are worth their bonuses.

The chairman of part-nationalised Royal Bank of Scotland has admitted that bankers’ pay is “astonishingly high”, it was revealed today.

Part-nationalised Royal Bank of Scotland today unveiled new bonus plans for bosses which could see chief executive Stephen Hester reap as much as £4.8m (€5.3m) in shares.

Royal Bank of Scotland completed the overhaul of its boardroom today with the appointment of two more non-executive directors.

Royal Bank of Scotland (RBS) confirmed its chief executive Stephen Hester is in line for a pay package of more than £9.7m (€11.3m) if he leads a turnaround of the ailing lender.

The FTSE 100 Index edged back into positive territory today despite weaker-than-expected official sales figures putting pressure on retailers.

The FTSE 100 Index edged lower today as traders paused for breath after Thursday’s G20 euphoria.

The British government’s investment arm is understood to be planning a protest vote against former Royal Bank of Scotland boss Fred Goodwin’s controversial pension, it was reported today.

The FTSE 100 Index lost ground today as more economic gloom dominated sentiment.

Royal Bank of Scotland today said it would cut this year's staff cash bonus by more than 90% to £175m (€198m).

The chairman of part-nationalised Royal Bank of Scotland stepped down two months early today.

The British government will manage taxpayers' multi-billion-pound stakes in some of the country's biggest banks on an “arms length” basis rather than through direct boardroom control, it was revealed today.

The private equity consortium circling Sainsbury's is said to have upped its offer for the group to more than £10bn (€14.67bn), in a move which could spark tensions between shareholders of the supermarket chain.

Former UK supermarket powerhouse Sainsbury’s hit a new low in its 135-year history today after announcing losses for the first time.

Supermarket chain Sainsbury’s looks set to avoid an embarrassing defeat at its annual general meeting tomorrow following the intervention of the Sainsbury family.

UK supermarket chain Sainsbury’s is facing an investor rebellion over a pay settlement for ousted chairman Peter Davis, it was reported today.

Sainsbury’s has ousted chairman Peter Davis and said profit will drop for a second year as Britain’s third-largest supermarket chain loses ground to competitors, including Tesco.

The London market gathered momentum today as positive corporate and economic news offset the impact of a profits warning from Sainsbury’s.

The FTSE 100 Index closed 11.7 points higher at 5165.6, helped by encouraging figures from BP.

BT says it should have acted sooner to cut costs at Concert.

British Telecom said today it is in talks to outsource its accounting and financial services operation as part of an ongoing restructuring programme.