- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Tiger Woods Out of Hospital After Accident
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
Text Size 
Royal Bank of Scotland, now 68 percent owned by the UK government, still plans on paying out bonuses that could reach tens of million to hundreds of millions of pounds, London newspaper The Times reported Wednesday.
Some high-flying employees could still get six-figure bonuses, according to the paper.
UK Financial Investments, which owns the government stake in the troubled bank, has agreed in principle to limited payouts, the paper said.
But new RBS CEO Stephen Hester is very aware of the sensitivity of the issue and may decide to pay out all bonuses in shares or set a cap on payments, the Times reported.
Discussions "on possible approaches to renumerations" are ongoing and no decision has yet been taken, representatives of the government and of RBS told Reuters.
Some parts of the bank's investment banking arm, such as foreign exchange, bonds and commodities trading, made large profits last year, according to the paper.
 |
On Wednesday, President Barack Obama imposed tough new rules to rein in corporate pay, capping executive compensation at $500,000 a year for companies receiving taxpayer funds and limiting lavish severance packages paid to top officials.
A statement from RBS on bonuses is expected on Feb. 26.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes