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Posts tagged royal bank of scotland
100 bankers awarded over £1m each
Feb 25th
RBS admits that more than 100 bankers awarded over £1m each. British taxpayers own %87 of Royal Bank of Scotland and the bank is keep losing money however RBS give £1m bonus to 100 bankers as an award of losing money!!! Loss-making Royal Bank of Scotland inflamed the row over City pay today by revealing that more than a hundred of its top bankers were awarded bonuses of at least £1m last year.
Even as the bank insisted its £1.3bn bonus pool was the lowest it could get away with, the RBS chairman conceded that a “good number of people” had received £1m each even though it reported a £3.6bn loss for last year. read more
Obama’s battle with the banks
Jan 23rd
Obama started a battle with the banks that he wants banks too give more and less profit. Despite some economists thinks this will help to the America and the world, bankers still insists to contrary. Banks says that if the banks fail, economies will fail too.
Experts at Royal Bank of Scotland states that “What the Obama administration is proposing may sound like a good idea to regulators trying to cut down ‘too big to fail’ financial institutions and remove the risk from the banking sector that is the financial life-blood of the economy.”
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