03 December 2009

Bankers Need to 'Join the Real World' says Minister

A government minister has told bankers "to come back into the real world" after Royal Bank of Scotland directors threatened to resign over bonuses.

City Minister Lord Myners said it was unrealistic that bankers should expect to be paid million pound bonuses.

RBS reportedly wants to pay a total of £1.5bn in bonuses to investment banking staff, and the board has threatened to quit if the government blocks the move.


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