RBS announces £2bn Losses- More than Last year but far away from 2008


RBS, the Royal Bank of Scotland, announced the financial results of 2011, reporting a £2bn losses. After the negative news, the Bank also made a confirmation of the payment of £390 m in bonuses, to the 17,000 investment bankers, completing a total of £785m in total bonuses payments, to all of RBS’s employees. Despite this, the total outflow in bonuses has decreased respect to 2010, in 43%, mainly due to this situation, and for RBS’s investment bank, it is a reduction of about 60%, when last year the bank gave £950m.....Read More