RBS tips UK back into bonus debate
News from Financial Times:

George Osborne is braced for a new political backlash over bank bonuses, as state-controlled Royal Bank of Scotland prepares to pay as much as £250m to staff at an investment banking division heavily implicated in the Libor-rigging scandal.

The chancellor’s discomfort has been amplified by the fact that the bonus round comes just as RBS prepares to settle with US and UK regulators over the Libor scandal with a fine expected to top £500m. The taxpayer will effectively be paying RBS investment bankers about £250m in bonuses, while simultaneously footing the bill for the

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