I think what you need to appreciate is that the ordinary "punter" in RBS who works in retail earns under £20k per annum. The "bonus" is part of their salary and in fact the retail division actually made a profit.
Don't get me wrong, I totally agree that the "fat cat" investment banker type don't deserve anything as it was them who brought the bank to it's knees and continue to take risks with massive rewards irrespective of success or failure.
Unfortunately the media in this country very rarely tell the real story and have all "bank workers" as driving around in Porsches and owning a huge property portfolio. In reality, nothing could be further from the truth.
there were no real surprises today. With that in mind funny to watch the panic and worse those trying to spread panic. When people are in a shorting frame of mind it would be pretty unusual to finish much off the lows of the day. Also tends to go down for 3 days in a row before stabilising. If the share finds any legs then that would be a strong indicator than the big boys think its cheap. Payday yesterday when do i go in? do we have any TA lads or ladies with the major supports?
After years of bashing other Banks Bonus Pools, here is your Bank (through the Governments control/holdings),are you not going to advise how massive failure is being massively rewarded.!!!! These bankers are already paid an inflated Salary to do a Job,did they perform ... NO!!!! and now you want to give them extra !!!! I cant think of another career where somebody fails, and are so richly rewarded. I bet the job losses announced are mostly the ordinary clerks, who work hard and dont get recognised, and oh maybe a few rich bankers who can add a large Redundancy payment to their Bonus Pot. 8 Billion LOSS, makes Barclays look like they're in a different league and a much cheaper share price (for now anyway)
I agree the banks are full of greed, as my mate once said there was a banker, a solicitor and some guy on the dole and a packet of digestives the banker took 10 then told the solicitor to take his 10 before the guy on the dole stole some,
Unbelievable, where is this bonus money coming from?!? PI's pockets. .. im not invested here but heard the news and as a PI myself, it really did make my blood boil, my advice escape an fast guys dirty tricks
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