Brown: "We won't pay for bankers' one-way bets"

mr_jetlag

Horse... stable... door?

http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article5755081.ece

From now on, any bonuses paid to individual RBS staff will be subject to claw-back if future performance is poor and there will be no discretionary cash bonuses paid this year. All legal commitments have been subject to thorough and independent scrutiny and only those where the bank has no option will be honoured.
We will now seek to agree a fair package for staff at Lloyds-TSB/ HBOS, the other bank in which the Government has a share, based on the same principles and taking into account its own performance.

Fire away...

purch

Horse... stable... door?

:T

.....and he's probably still forgotton to lock it !!!!

Thrugelmir

As ex investment banker said the other day. RBS employees some 220,000 staff around the world in all its operations. The headline bonuses are in fact only paid to around 500 staff. So this has to be viewed in context.

In reality a smoke screen to keep the media focused away from the lack of real activity by the government. We are where we are and going on a witch hunt isnt going to help the 1 million people likely to join the dole queue this year.