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Chairman Of Rbs Says Large Number Of Bankers Overpaid

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http://www.bankingtimes.co.uk/2011/01/18/rbs-chief-admits-many-bankers-over-paid/

The chairman of Royal Bank of Scotland (RBS) has admitted that large numbers of bankers are paid more than they are worth.

Appearing on BBC Two’s “Britain’s Banks: Too Big to Save?” programme, to be screened tonight, Sir Philip Hampton explains that the “star quality” worthy of high remuneration seems to filter down to employees “who don’t seem so star quality”.

However, Sir Philip defends high achievers in the investment banking sector “who really do make a difference”.

Also appearing on the programme is deputy governor of the Bank of England, Paul Tucker, who wants to see a UK banking system that allows banks to fail, with creditors and investors picking up the losses, rather than the taxpayer.

Prime Minister, David Cameron, recently called on RBS to be “leading the way” when it comes to bankers’ bonuses, alongside reports that the majority taxpayer-owned group’s chief executive, Stephen Hester, will receive around £6.8 million in bonuses and salary in 2011.

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http://www.bankingtimes.co.uk/2011/01/18/rbs-chief-admits-many-bankers-over-paid/

The chairman of Royal Bank of Scotland (RBS) has admitted that large numbers of bankers are paid more than they are worth.

Appearing on BBC Two’s “Britain’s Banks: Too Big to Save?” programme, to be screened tonight, Sir Philip Hampton explains that the “star quality” worthy of high remuneration seems to filter down to employees “who don’t seem so star quality”.

However, Sir Philip defends high achievers in the investment banking sector “who really do make a difference”.

Also appearing on the programme is deputy governor of the Bank of England, Paul Tucker, who wants to see a UK banking system that allows banks to fail, with creditors and investors picking up the losses, rather than the taxpayer.

Prime Minister, David Cameron, recently called on RBS to be “leading the way” when it comes to bankers’ bonuses, alongside reports that the majority taxpayer-owned group’s chief executive, Stephen Hester, will receive around £6.8 million in bonuses and salary in 2011.

Saw this mentioned twice in some detail on BBC news 24 yesterday.

Have scoured my paper Times this morning - can't see one single word about it.

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I daresay the "Teflon Don" would have said much the same thing: a lot of gangsters are involved with a great deal of crime.

A true statement but doesn't take things much further than something Tautologous Tim might come out and say.

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http://www.bankingtimes.co.uk/2011/01/18/rbs-chief-admits-many-bankers-over-paid/

The chairman of Royal Bank of Scotland (RBS) has admitted that large numbers of bankers are paid more than they are worth.

Appearing on BBC Two’s “Britain’s Banks: Too Big to Save?” programme, to be screened tonight, Sir Philip Hampton explains that the “star quality” worthy of high remuneration seems to filter down to employees “who don’t seem so star quality”.

However, Sir Philip defends high achievers in the investment banking sector “who really do make a difference”.

Also appearing on the programme is deputy governor of the Bank of England, Paul Tucker, who wants to see a UK banking system that allows banks to fail, with creditors and investors picking up the losses, rather than the taxpayer.

Prime Minister, David Cameron, recently called on RBS to be “leading the way” when it comes to bankers’ bonuses, alongside reports that the majority taxpayer-owned group’s chief executive, Stephen Hester, will receive around £6.8 million in bonuses and salary in 2011.

Bonuses are all relative. If you have a crappy guy working for you, you still fight for a large bonus for him. In doing so, you can then say "he gets paid X, I should therefore, as his boss and general intellectual superior be paid X*[insert suitable multiple here]"

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  • 312 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%



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