Bailed-Out Royal Bank Of Scotland Bankers Set For Millions In Bonuses

The troubled Royal Bank of Scotland, rescued with £20 billion of public money, is planning large bonuses for thousands of its City traders and senior bankers, The Times has learnt.

The proposed payments are expected to reach tens of millions of pounds -- possibly hundreds of millions -- with some star bankers in line for six-figure payouts.

Read the whole story here.

Comments

[sueinmn]

You need to do what we did! We had full media coverage each day of more of this happening, who and how much and plant spa weekend junkets in the media. the public outrage has helped. Some trips, palnes were canceled. Investigations have begun. Phone calls and public outrage is needed!

[Rule Of Law]

This, too, is a Rothschild bank.

[magibrotherhood]

yep.

[ranger5]

It is totally time for the pitchforks and torches. Governments by and large are in cahoots with these financial institutions. We are fools to think that governments intend to engender fundamental changes in how they operate or their larcenous ways.

[BartLA]

RBS just more than doubled my APR on their credit card. I called their customer service about it and they said it was raised on everyone. And here they are, the pigs at the trough. I hope their bank goes under.

[flyingmonkey]

I hope you cancelled your card.

[norepublicanleftbehind]

It's really not a right or left issue. It is a them and us issue.

[stargazer13]

I am totality mystified by any one even thinking they get a bonus for any failed company

[cam]

How is getting the government to pay for their excesses a management failure? They deserve their bonuses for sheer executive brilliance under trying circumstances.

[frantaylor]

"Executive brilliance" is worthless. These people are paid to maintain the bottom line. That is their primary duty.

[Emerald1943]

Greed knows no borders!

[frantaylor]

This is another of those banks with the deeply ironic names.

They do business in the US as "Citizens Bank".

[mountainweb]

Citizens Bank is a brand name of RBS Citizens, N.A. and Citizens Bank of Pennsylvania. Citizens Bank is a division of RBS Citizens, N.A. and Citizens Bank accounts and other RBS Citizens, N.A. accounts are not separately insured by the FDIC!

[magibrotherhood]

don`t you just wonder if some of the Paulson bail-out money wasn`t funneled over to the U.K. for this---??? Maybe thats why they arent`t telling the American tax payers where the 350 Billion really went---who knows.

[mountainweb]

Sounds like legalized theft to me! A continuation of the "pay management high salaries" regardless of success or failure. You reward people if they fail and darned if you don't get what you paid for. That mindset is part of what got us in this mess. Are we going to raise the wages for those who fail and expect anything different? Be interested to hear if anyone thinks that we will see anything different and why.....

[magibrotherhood]

The Royal Bank of Scotland is also trying to buy into the electic utility grid in Pa.----wt.­f--?????--­-they petitioned the Pennsylvania Utility Commision (P.U.C.) for a license on Jan. 20th-----

[ConcernedAboutRFuture]

And why are WE bailing out the RBoS? Are you serious?

How much more clear can it be that we've been so ripped off and no one is doing anything about it.

[athenatwo]

Wot? You mean the Americans aren't the only baddies in the world? Well...

[not going2take it]

Greed begets GREED...
v.e.r.y...­scary.

They just don't GET it!
profound sense of entitlement
will not permit it.

[Drterryrest]

Is that what used to happen in the USSR ? Get the money from the public then share it within a small group.