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How is it possible that hundreds, and possibly even thousands, of staff at the state supported Royal Bank of Scotland group (RBS) are in line for bonuses totalling about £1.5bn at the end of this year? News reports of the bank's apparently impending generosity...
Tags: investment banks, RBS, banks division, United Kingdom, London, Investment banking, Fred Goodwin, Primary dealers, Business Finance, Bank, Royal Bank of Scotland Group, UBS AG, Royal Bank of Scotland
The paper says it top 20 staff could receive payments of between £1m and £5m. But the bank insists no decision had yet been made on the size of bonuses this year. In the first half of 2009, RBS put aside £1,787bn to cover staff expenses, including salaries...
Tags: investment banks, RBS, risk investment, banks division
A recovery in financial markets will have bolstered their performance but losses on mortgages and business loans are expected to have risen. They will also be under pressure to show that lending has increased...The banks will also feel obliged to show...
Tags: investment banks, Barclays Global Investors, bad debts, banks division
Most of the cuts will come from the bank's major offices in New York and London, though other locations in Europe and Asia could lose jobs. And on a percentage basis, the job cuts are far less severe than at other investment banks. For example, JPMorgan,...
Tags: Citigroup Citigroup Inc., investment banks, job cut, The Wall Street Journal, banks division, news, banks job, engineering efforts, indicated earlier, Dan Noonan