Not all banks have their heads up their own backsides, when it comes to bonuses and the public perception of failure and greed.
Barclays today announced a profit of £6.1BN (after £8.1BN of write downs), ahead of forecasts but 14% below last year. Barclays also announced that it would not be paying bonuses to its executive directors, and only pay bonuses to those below board level.
A wise and sensitive political decision, all the more so because the government does not have a stake in Barclays. The Royal Bank of Scotland would be wise to take note of this.