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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
R.B.S. Chairman Says High Banker Pay Contributed to the Financial Crisis
New York Times 06.25.2014
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06.24.2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06.24.2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06.23.2015
Theresa May Is Poised to Be Britain’s Next Prime Minister
The New York Times 07.11.2016
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