Gazette News
RBS reveals £2bn loss for 2011
7:25am Thursday 23rd February 2012
Part-nationalised Royal Bank of Scotland has revealed total losses of £2 billion in 2011, compared with £1.1 billion in 2010.
RBS paid employees a total bonus pot of £785 million for 2011, down 43% on the previous year and including a £390 million pool for its 17,000 investment banking staff.
The bank has been at the centre of a row over bankers' pay in recent weeks, which led to chief executive Stephen Hester waiving his £963,000 all-shares bonus.
More National News stories
- Palace guests bask in sunshine
- UK given prisoner votes deadline
- Anti-social measures 'not enough'
- Double-killer mother loses appeal
- Boy, seven, dies after house fire
- Father's call over friendly fire
- Killer told he may never be freed
- Energy reforms to push up costs
- IMF calls for Plan B on economy
- Talks avert Jubilee strike at BBC