In the banking business I think we all understand the point and motivational benefit of bonuses, however this story from a Bank that is almost a Government Department (70% government owned) takes insanity to a new level, if you are a taxpayer. The sheer size of the bonus pool of £4 billion is astounding. That represents just under 10% of the banks equity! I mention the government ownership because while we are used to investment bankers paying out such bonuses, one would have thought that their government overseers would have insisted on that £4 billion being used to boost capital, … Continue reading RBS pays out 10% of equity to investment bankers