Ppi claims contribute to two billion loss at RBS
Right now the Royal Bank of Scotland announced a two billion loss for the year 2011 which
included a provision of 1 billion for customers who have or could have ppi claims against the bank.
The dilemma with...
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Ppi claims contribute to two billion loss at RBS
Right now the Royal Bank of Scotland announced a two billion loss for the year 2011 which
included a provision of 1 billion for customers who have or could have ppi claims against the bank.
The dilemma with this figure is that the bank will pay out 785 million in staff bonuses which is
shocking if you are a UK tax payer as the bank is basically owned by the UK government.
The government own 82% of the shares in the Royal Bank of Scotland and it is a scandal that they
are permitting this level of bonuses to be paid to staff.
If any firm produced a loss then no staff would obtain any form of bonus and the RBS staff ought
to be no distinct irrespective of their contribution to the organization.
These staff require to realise
that unemployment is at an all time high in the UK and there is thousands of folks who would jump
at the chance to operate for a bank with no getting paid any bonus.
Of the 785 million in bonuses 390 million of thi
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