Menu
15/01/2014
Chancellor Urged To Block RBS Bonuses
The Royal Bank of Scotland should be stopped from paying bonuses of up to double its bankers annual salary, Labour has said.
The chancellor George Osborne has been urged to block an attempt by RBS to use an EU rule that would allow it to pay bonuses up to that limit if agreed by shareholders.
It is understood that a Commons motion has been tabled by Labour, calling on the government, RBS's biggest shareholder, to reject the move by the bank.
The EU allows bonuses to be paid to the equivalent of one years salary, but does also allow for this to be increased with shareholder approval.
(MH/IT)
The chancellor George Osborne has been urged to block an attempt by RBS to use an EU rule that would allow it to pay bonuses up to that limit if agreed by shareholders.
It is understood that a Commons motion has been tabled by Labour, calling on the government, RBS's biggest shareholder, to reject the move by the bank.
The EU allows bonuses to be paid to the equivalent of one years salary, but does also allow for this to be increased with shareholder approval.
(MH/IT)
Related UK National News Stories
Click here for the latest headlines.
10 February 2012
Barclays Bank Profits Fall
Barclays full year results reveal a 3% drop in profits year on year to £5.9bn. The bank's bonus pot will be £2.15bn, down by 25%, with cash bonuses capped at £65,000. Chief executive Bob Diamond is expected to receive a payout worth several million pounds.
Barclays Bank Profits Fall
Barclays full year results reveal a 3% drop in profits year on year to £5.9bn. The bank's bonus pot will be £2.15bn, down by 25%, with cash bonuses capped at £65,000. Chief executive Bob Diamond is expected to receive a payout worth several million pounds.
07 February 2012
Jury Out On Redknapp Trial
The jury in the Harry Redknapp tax evasion trial has been let out to consider their verdicts. The charges relate to Spurs boss Harry Redknapp and Milan Mandaric's time at Portsmouth Football Club when is claimed they were cheating public revenue.
Jury Out On Redknapp Trial
The jury in the Harry Redknapp tax evasion trial has been let out to consider their verdicts. The charges relate to Spurs boss Harry Redknapp and Milan Mandaric's time at Portsmouth Football Club when is claimed they were cheating public revenue.
14 June 2006
UK jobless total continues to rise
The UK unemployment rate has continued to rise sharply, according to the latest figures released from the Office for National Statistics (ONS) today. The unemployment rate rose to 5.3%, up 0.2% over the quarter and up 0.6% over the year. The number of unemployed people increased by 77,000 over the quarter and by 199,000 over the year, to reach 1.
UK jobless total continues to rise
The UK unemployment rate has continued to rise sharply, according to the latest figures released from the Office for National Statistics (ONS) today. The unemployment rate rose to 5.3%, up 0.2% over the quarter and up 0.6% over the year. The number of unemployed people increased by 77,000 over the quarter and by 199,000 over the year, to reach 1.
25 February 2010
RBS Posts Losses
The Royal Bank of Scotland (RBS) made losses of £3.6bn last year, results published today have revealed. According to the bank, it had experienced billions of pounds worth of bad loans. However, over £1.3bn of staff bonuses are still expected to be paid out.
RBS Posts Losses
The Royal Bank of Scotland (RBS) made losses of £3.6bn last year, results published today have revealed. According to the bank, it had experienced billions of pounds worth of bad loans. However, over £1.3bn of staff bonuses are still expected to be paid out.
09 February 2015
HSBC Helps Clients Avoid Paying Millions In Tax
HSBC is being accused of helping wealthy people avoid paying millions of pounds in tax.
HSBC Helps Clients Avoid Paying Millions In Tax
HSBC is being accused of helping wealthy people avoid paying millions of pounds in tax.
-
Northern Ireland WeatherThis Evening and Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Light winds. Minimum temperature 0 °C.
