No 10 and Chancellor back RBS

Boris Johnson on EU banker bonus cap plan:“Brussels in the end can’t regulate the pay and conditions of bankers around the world” @ITVLondon

Lloyds Banking Group will tomorrow disclose another massive hit for mis-selling PPI policies, Sky News understands. Continue to article

As we noted in today’s press summary, a tentative EU deal was struck last night on bank bonus curbs, as part of the broader agreement on CRD IV (which implements Basel III). We’ve discussed this in de... Continue to article

Europe's banking industry wailed in protest at new European Union rules that would impose strict caps on bankers' bonuses. Continue to article

* Executive pay and bonuses * Banking * Banking reform * Financial sector * European Union * Europe * London Nicholas Watt guardian.co.uk © 2013 Guardian News and Media Limited or its affiliated compa... Continue to article

David Cameron gives his response to news that the European Union will limit the amount bankers may be paid in bonuses Continue to article

Damian McBride: "Downing Street must stop trying to announce its way out of the crisis". He's right for once.

best case for RBS 607m bonus despite £5bn loss: 1. Paid for derisking RBS 2. Less than last year 3. Mainly paid in bonds 4. "virtual" loss..

• Stephen Hester says the privatisation is getting closer • £679m paid out in bonuses, £287m to investment bankers • £450m extra charge from PPI scandal • Plans to spin off part of US arm Citizens Ste... Continue to article

Most of us got upset about bankers’ pay only after the crash. During the boom years, we didn’t especially mind that financiers were snapping up yachts and mansions. (Most of us didn’t, at any rate. Th... Continue to article

This bonus cap could be the first time we lose a major vote on financial services. Implications for UK-EU relations are colossal.

best case for RBS 607m bonus despite £5bn loss: 1. Paid for derisking RBS 2. Less than last year 3. Mainly paid in bonds 4. "virtual" loss..

Cue: RBS blah blah market rate blah get back our stake blah golden goose yadder blah blah value or money blah share giveaway

So a politically motivated fire-sale of #RBS a year before the general election? Osborne already claiming last govt paid too much...

"Chastening" is in fact a present participle, which suggests that, right now, RBS thinks it is exercising self restraint or "chaste". Bless.

Hester on Today Prog just now: we're cleaning up the mess of bankers' hubris. Don't hold out hope of Tory change from blaming Labour tho

Taxpayer owned RBS makes £5.2 billion loss and pays £600m in bonuses? How is that possible?

Treasury sources praise #RBS mangement for "accelerated strategy" and "intensified schedule" for possible sell off

RBS said it would float part of its U.S. retail bank and retreat further from investment banking in an effort to shore up capital. The year's net loss widened to £5.97 billion ($9.05 billion) from 201... Continue to article

The taxpayer-owned Royal Bank of Scotland has reported a pre-tax loss in 2012 of £5.16bn. Continue to article

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