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PPI Claim News - 8/12/2009

Bank claim: One thousand bankers leave RBS for more money

The Royal Bank of Scotland Group (RBS) has lost 1,000 employees from its investment banking arm after fears that their bonuses would be reduced through the government's proposed windfall tax, the Press Association reports.

Chancellor Alistair Darling is expected to announce a one-off tax on bonuses in the government's pre-budget report this week.

According to The Sunday Times, the investment bank division produced less than 10 per cent of the bank's profits last year.

RBS sparked a row last week when it emerged that it intended to pay out more than £1.5 billion in bonuses this Christmas, despite the fact that it is majority-owned by the taxpayer and has received billions of pounds in state aid.

Ulster Bank, NatWest and private bank Coutts are also owned by RBS.

RBS is set to take part in the government's toxic asset protection scheme, which will mean that the public stake in the bank rises to 84 per cent.

If you would like to make a credit card charges claim to get back all your late payment / over limit fees in the last 6 years from the Royal Bank of Scotland then fill out the Quick Claim or call Belmont Thornton on 0845 526 0000.

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