RBS to pay GBP400m in bonuses to investment bankers

In a move that will likely give the 'banker-bashers' something else to complain about, part-nationalised lender Royal Bank of Scotland (RBS) is planning on giving out nearly 400m pounds in bonuses to its investment banking division for their work in 2011.

In a move that will likely give the 'banker-bashers' something else to complain about, part-nationalised lender Royal Bank of Scotland (RBS) is planning on giving out nearly 400m pounds in bonuses to its investment banking division for their work in 2011.

According to the City editor of Sky News, Mark Kleinman, RBS has agreed with the government to pay employees of the Global Banking and Markets (GBM) division between £390m and £400m in bonuses.

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