Wednesday, October 22, 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

   
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