Analysts question RBS bonus cap impact

UK politicians are pushing for a tough application of a EU cap on bank bonuses at RBS, despite its shrinking investment bank

Wednesday 15 January 2014 at 06:25

Royal Bank of Scotland is less likely to be hit by a European Union-wide cap on bankers' bonuses than its peers, banks analysts have said, as UK politicians push for a tough application of the rule at the state-owned bank.

The UK's opposition Labour Party is urging Chancellor of the Exchequer George Osborne to block RBS from paying top staff bonuses worth twice the amount of their salaries.