Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

R B S May Pay Out Less Than £1.3 Billion In Bonuses This Year

Recommended Posts

http://www.bloomberg.com/news/2010-12-20/rbs-is-said-to-seek-first-cash-bonus-for-investment-bankers-since-bailout.html

RBS Is Said to Seek First Cash Bonus for Investment Banksters Since Bailout
By Jon Menon - Dec 20, 2010 11:13 AM GMT
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank,
may offer cash bonuses to investment bankers for the first time since its 2008 bailout, according
to a person with knowledge of the plans.
The bank may limit cash payments to a maximum of 50,000 pounds ($78,000), said the person, who declined to be identified because the discussions are private. RBS is talking to U.K. Financial Investments, which manages the government’s 83 percent stake, on the bonus plan,
which aims to make the bank a more competitive employer
, the person said. Officials at RBS and UKFI declined to comment.

:blink: They should not be paying any bonuses until the taxpayers have had their money back. 2050 or thereabouts?

Share this post


Link to post
Share on other sites

http://www.bloomberg.com/news/2010-12-20/rbs-is-said-to-seek-first-cash-bonus-for-investment-bankers-since-bailout.html

RBS Is Said to Seek First Cash Bonus for Investment Banksters Since Bailout
By Jon Menon - Dec 20, 2010 11:13 AM GMT
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank,
may offer cash bonuses to investment bankers for the first time since its 2008 bailout, according
to a person with knowledge of the plans.
The bank may limit cash payments to a maximum of 50,000 pounds ($78,000), said the person, who declined to be identified because the discussions are private. RBS is talking to U.K. Financial Investments, which manages the government’s 83 percent stake, on the bonus plan,
which aims to make the bank a more competitive employer
, the person said. Officials at RBS and UKFI declined to comment.

:blink: They should not be paying any bonuses until the taxpayers have had their money back. 2050 or thereabouts?

So the staff that work the counters should not get their christmas bonus?

Share this post


Link to post
Share on other sites

So the staff that work the counters should not get their christmas bonus?

nope they shouldnt, i have it on good authority that Goodwin was solely advised on the AMRO deal by one of the cashiers in the Surbiton Branch

Share this post


Link to post
Share on other sites

why should they? i'm not sure how many industries pay a christmas bonus outside of the banking sector.

Police Chiefs are apparently on the bonus train too.

I think they divvy up all the SCamera money made during the year. And wot happened to the Tory promise to scrap 70% of the revenue enhancing scameras?

http://www.bbc.co.uk/news/uk-12014842

17 December 2010 Last updated at 02:22Related stories
Surrey police chiefs forego bonus
Met chief says end police bonuses
Chief critical of police bonuses
A chief constable has backed calls for an end to bonuses for senior officers.

Sounds like they don't want to be tarred with the same corruption brush as the Bankster fraternity?

Share this post


Link to post
Share on other sites

...which aims to make the bank a more competitive employer,...

It would be better if they gave the money back and just took their jobs and went to work somewhere overseas.

Edited by billybong

Share this post


Link to post
Share on other sites

It'll be interesting watching how the sight of the bonuses being handed out over the next few months goes down. The PM is seeing the union leads today, is he trying to head off any discontent without the normal coalition U turn. Funny if that is the case, those that should know about the economy appear to be allowed to keep feeding at the trough whilst the unions who have form for unwarranted wage demands seem to be being asked for wage restraint. :blink:

Share this post


Link to post
Share on other sites

So the staff that work the counters should not get their christmas bonus?

They've already had a bonus.

It's called a "job", and they've kept it courtesy of Mr Taxpayer.

Share this post


Link to post
Share on other sites

They've already had a bonus.

It's called a "job", and they've kept it courtesy of Mr Taxpayer.

+1

Just image how the public would take a few thousand banksters cut, it'd be a Christmas bonus for most. :lol:

Share this post


Link to post
Share on other sites

I have heard that the term 'bonus' is a little (only a little) misleading in that those in line for bonuses actually have a pretty standard basic pay without them. In short, bonuses form a much higher % of top bankers' pay than we might think. Doesn't mean I actually agree with the whole bonus culture and risktaking, moral hazard etc etc.

Share this post


Link to post
Share on other sites

It'll be interesting watching how the sight of the bonuses being handed out over the next few months goes down. The PM is seeing the union leads today, is he trying to head off any discontent without the normal coalition U turn. Funny if that is the case, those that should know about the economy appear to be allowed to keep feeding at the trough whilst the unions who have form for unwarranted wage demands seem to be being asked for wage restraint. :blink:

The Bankers are the same as the miners in the 1970, but worse.

Plan, hold the country to ransom and extract cash.

The banks owe billions, how about we just charge them 25% APR, instead of 0.5%.

Share this post


Link to post
Share on other sites

One bank..one bonus...3% of the ENTIRE UK DEFICIT.

30 more banker donations and we have it sorted.

Share this post


Link to post
Share on other sites

Police Chiefs are apparently on the bonus train too.

I think they divvy up all the SCamera money made during the year. And wot happened to the Tory promise to scrap 70% of the revenue enhancing scameras?

http://www.bbc.co.uk/news/uk-12014842

17 December 2010 Last updated at 02:22Related stories
Surrey police chiefs forego bonus
Met chief says end police bonuses
Chief critical of police bonuses
A chief constable has backed calls for an end to bonuses for senior officers.

Sounds like they don't want to be tarred with the same corruption brush as the Bankster fraternity?

They have a better Scam it is called ACPO.

http://www.telegraph.co.uk/news/uknews/law-and-order/4631631/ACPO-makes-18m-from-criminal-records-checks.html

Share this post


Link to post
Share on other sites

I have heard that the term 'bonus' is a little (only a little) misleading in that those in line for bonuses actually have a pretty standard basic pay without them. In short, bonuses form a much higher % of top bankers' pay than we might think. Doesn't mean I actually agree with the whole bonus culture and risktaking, moral hazard etc etc.

not many top bankers on the National average wage.

or chief execs in the public sector.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.