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In U.K., Getting Tough With Nationalized Banks
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The bonus issue at RBS bank in the UK, where performance has been abysmal but 1 billion British pounds in bonuses were planned. The public outcry. RBS has been the biggest disaster in British banking or one of the biggest. It has angered Prime Minister Brown for the Government to come up with $20 billion pound injection of capital into RBS recently, yet the current management saw it fit to consider this sizable bonus. Somewhere in all this there is a disconnect between what makes sense and what does not make any sense.
February-April 2009, a quarter in the life of the 2008 global financial crisis- lest it be forgotten!
02/07/2009
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Royal Bank of Scotland (RBS) management
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Bank Bailout Blues Stall U.K. Recovery
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Royal Bank of Scotland Names New Chief Executive
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Past Sins Haunting Royal Bank of Scotland
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Britain's actions against bank bonuses.
02/04/2009
Alistair Darling announced immediately effective step of taxing bank bonus pools with a 50% tax.
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Wall Street Journal 10/31/2013
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
Bailed-Out Royal Bank of Scotland Sees Years of Losses
New York Times 02/27/2014
Wall Street Bonuses Are an Outrage
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In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
Banker bonuses at Britain's RBS bank
02/04/2009
Britain's RBS bank shows a loss of $15 billion in 2013. Banker bonuses are $960 million for the same year. Banker bonuses declined from 679 million pounds in 2012 to 576 million pounds in 2013. The new CEO says he has to keep bankers engaged. Britain has a lot at stake in RBS having put in 45 billion pounds into the banking bailout.
Grouped Articles
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
Bailed-Out Royal Bank of Scotland Sees Years of Losses
New York Times 02/27/2014
Osborne Promises More Regulatory Powers to Split Up British Banks
New York Times 02/04/2013
Royal Bank of Scotland Names New Chief Executive
New York Times 08/02/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
Britain leads the way in requiring more liquidity at banks and in getting agreement to limit bonuses.
02/04/2009
Grouped Articles
Wall Street Journal 10/31/2013
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
Bailed-Out Royal Bank of Scotland Sees Years of Losses
New York Times 02/27/2014
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
Britain's RBS Bank and the incredulous- huge losses and large bonuses in the "Hard Times" of the 2008 financial crisis and again in 2014
02/09/2009
Linked Articles
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
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