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PPI Claim News - 25/2/2010

Bank Reclaim: RBS billion pound bonus bonanza despite huge loss

Royal Bank of Scotland (RBS) is to plough ahead with its high-scale pound bonus payouts despite recording a multibillion pound loss for 2009.

The part-nationalised bank, which is 84 per cent owned by the taxpayer following a number of bailouts, is to administer around £1.3 billion through bonus schemes in a bid to reward its staff for their efforts last year.

However, the revelation is likely to cause unease with the public after it was reported the bank's financial loss for 2009 topped £3.6 billion.

RBS's chief executive Stephen Hester has allegedly defended the decision saying that it is essential to ensure the bank's top talent is not driven overseas.

His comments come after a number of investment bankers apparently fled to Davos in Switzerland, where they can escape the banking restrictions of the European Union.

London mayor Boris Johnson had previously expressed concerns that British bankers may be forced abroad but has since reassessed his opinion, insinuating that it is more important to restore public faith in the sector.

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 RBS then fill out the Quick Claim or call Belmont Thornton on 0845 526.ADNFCR-2776-ID-19636226-ADNFCR

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