After accepting a handout from the treasury to keep them afloat, the idea that bonuses to the Royal Bank of Scotland’s bankers should be increased is ludicrous. Far from receiving profits from their failures they should be glad to still have a job.
Since the bank is now 70% owned by the government, all bonuses should be stopped until such time as the bank can buy itself back and anyone planning to jump ship should be warned that no references will be given.
As for the directors’ threats to quit en-mass, they should be given their marching orders, hopefully no other bank will be willing to employ this bunch of failures.
