The Treasury wants the taxpayer-owned bank to pay a multimillion-pound fine for the Libor scandal from bankers' bonuses.
Brady Nightingale's insight:
Arguably unethical actions form RBS have resulted in huge fines that are being told to be paid from within the bank itself, i.e the individuals responsible for the wrong doing. i agree with this decision as it would be unethical to expect the taxpayers, who essentially own the bank, to pay the price
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, will recoup 302 million pounds ($458 million) from bankers by cutting its bonus pool and clawing back compensation following its fine for rigging Libor.
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