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Monday, December 20, 2010

RBS Pushes For Bonuses

Despite the fact that it is now a state owned bank (one that almost destroyed the UK financial services sector during its previous existence as a private bank), RBS is trying to push the government to allow it to pay bonuses.

Maybe the government and the hard pressed taxpayer might look upon this request a little more favourably, if the FSA first published a full report into its 18 month "investigation" in to RBS.

However, the FSA is very reluctant to do this and indeed has handed editorial control over to RBS for whatever whitewash is published.

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