Friday, October 24, 2014   

Royal Bank of Scotland sets aside £576m bonus pot despite £8.9b loss
(02-27 15:57)

Britain's state-rescued Royal Bank of Scotland plunged deeper into a net loss of almost £9 billion last year on the back of vast accounting charges, it said today.
Despite another year of massive losses the bank set aside a bonus pool of £576m for bankers.
Losses after taxation grew to £8.995 billion in 2013, compared with a shortfall of £6.055 billion in 2012, RBS said in a results statement, adding it expected further inevitable job cuts to arise from ongoing restructuring.—AFP/The Standard

   
Other Business breaking news:
Hang Seng closes lower (10 mins ago)
Pearson reports sliding sales (10 mins ago)
European stocks fall at open (27 mins ago)
BASF says won't meet 2015 targets (28 mins ago)
ECB to unveil results of eurozone bank health check (28 mins ago)
German consumer confidence stops falling: survey (33 mins ago)
Nikkei finishes higher (49 mins ago)
Hang Seng dips by lunch (10-24 12:23)
Kia posts sharp Q3 profit decline (10-24 11:10)
Nikkei up by break (10-24 10:55)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.