Summary
ROYAL Bank of Scotland should not be "leading the way" on bankers' bonuses, David Cameron warned, amid reports its chief executive was to receive a pounds 6.8m pay package.
The Prime Minister said the bank, which is 83% owned by the taxpayer, should be a "back-marker" when it came to pay-outs, as he urged the financial sector to be "socially responsible".See the full content of this document
Extract
Cameron Warns Rbs Over Excessive Bankers' Bonuses
But, although he called for a reduction in the overall City bonus pot, he said he would resist pressure to "micro-manage" banks and cautioned against making them a "scapego...
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