On another discussion, many people thought Union Workers, programmers, or other professions were making too much money. How about the amount Zombie Bankers make?
News Release Today:
Royal Bank of Scotland (RBS) chief Ross McEwan reported the 80 percent state-owned bank will pay staff amazing bonuses from a pool of £421 million. This bonus will be paid despite the fact RBS losses of £3.5 billion in 2014.
In 2012 RBS became insolvent. It was Too Big To Fail and received a £45 billion bailout at UK taxpayers’ expense.
While the acting RBS Chief McEwan has declined to take any bonus for a 2nd year, he commented on bonuses awarded to other RBS staff: People are “quite right” to view them as “outrageous.”
News Release Today:
Royal Bank of Scotland (RBS) chief Ross McEwan reported the 80 percent state-owned bank will pay staff amazing bonuses from a pool of £421 million. This bonus will be paid despite the fact RBS losses of £3.5 billion in 2014.
In 2012 RBS became insolvent. It was Too Big To Fail and received a £45 billion bailout at UK taxpayers’ expense.
While the acting RBS Chief McEwan has declined to take any bonus for a 2nd year, he commented on bonuses awarded to other RBS staff: People are “quite right” to view them as “outrageous.”
Bailed out Royal Bank of Scotland pays Huge bonus despite 3.5B in Losses
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