Rbs

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8534694.stm

Royal Bank of Scotland (RBS) has announced losses for 2009 of £3.6bn ($5.5bn), after struggling with billions of pounds of bad loans.

Despite the losses, the bank is set to announce it will pay bonuses of £1.3bn to its staff.



Can anyone please explain the logic of bailing out a bank with taxpayers money, it then makes a huge loss and then pays it's staff £1.3bn in bonuses?

Perhaps I'm missing the point somewhere?

[sasguru]

No you're not. Bend down and get the vaseline ready for your bank shafting.

HTH

[rootsnall]

What's a few Billion when you are printing 200 Billion +, and will keep on printing as required !?

I think UK plc has successfully got itself into the too big to fail category, or has it !?

[NetwkSupport]

RBS GROUP made a loss..

RBS Global Banking made a 5.7 billion profit

[Moscow Mule]

Does RBS Global Banking have an element of their bonus related to Group profits?

[minestrone]

The press and media are aware of why these people get paid great sums by bonuses but yet they persist in keeping the debate at the lowest level to maintain interest from the proles. All very tiresome.

[ChimpMaster]

Does RBS Global Banking have an element of their bonus related to Group profits?

Yes: 0%.

[Scary]

Can anyone please explain the logic of bailing out a bank with taxpayers money, it then makes a huge loss and then pays it's staff £1.3bn in bonuses?

Perhaps I'm missing the point somewhere?

Why do dogs lick their balls?

[EternalOptimist]

Why do dogs lick their balls?

its a good question that.
I think that when you have spent the morning licking another dogs bum-hole, you have to do something to get rid of the taste

[scooterscot]

its a good question that.
I think that when you have spent the morning licking another dogs bum-hole, you have to do something to get rid of the taste

Gosh sounds like the hierarchy in my last permie job...