More bonus news.
Sky News reports that Royal Bank of Scotland (RBS) will soon hand out a £335m bonus pot to staff as it reports its second consecutive annual profit since being rescued by taxpayers (a 2% reduction from a year earlier).
Sky News has learnt that RBS's board and UK Government Investments (UKGI), which manages the public's 62.4% stake in the bank, have agreed on the bonus pool.
The payouts will be disclosed to the City alongside the bank's full-year results next Friday.
If confirmed, the bonus awards will mark the tenth successive year in which RBS has cut the staff payouts amid political anger after its £45.5bn bailout.
Bloomberg News reported last week that Deutsche Bank may cut bonuses if its revenue fails to grow, Chief Financial Officer James von Moltke said.
The corporate center includes functions such as human resources and information technology. Staff who earn between 50,000 francs ($50,000) and 100,000 francs are affected by the change.
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