Taxpayer owned RBS makes £2bn loss

[d000hg]

Meanwhile, in a far off universe, the people most affected by the bankers reckless gambling are being forced to work for less than minimum wage. We're all in this together™.

Welcome to capitalism If you are earning money, someone somewhere is paying for it.

[DimPrawn]

Welcome to capitalism If you are earning money, someone somewhere is paying for it.

If it were capitalism, unprofitable banks would fail, and profitable ones would prosper. This is as far from capitalism as you can get.

[AtW]

What if the people they paid £1bn to avoided the loss being £5bn...

In this case some of them who did really well will keep their jobs.

[sasguru]

RBS pays £985 million in bonuses despite 2 billion loss | Reuters


So pays £985,000,000 in bonuses.

Good to see our taxes put to good use again.

I wonder how much RBS donates to the Conservative party?

FFS Why don't you not bathe for a month, get a manky dog on a string and go and protest outside St. Paul's while selling the Socialist Worker?
It would have more integrity than moaning about capitalists on here.
No rich person would moan in that way, so I'm forced to conclude your claims to wealth are merely fantasy, as most here have concluded.

[scooterscot]

That's because you're a tinpot faux-company innit. Proper companies either have large cash reserves or proper credit facilities.

I don't always trade in cash

[AtW]

If the bonus is in the contract they have to pay it

Maybe, but they can fire people who wrote such bad contracts and also those who approved such contracts - in any case execs who run whole firm should not be getting any bonus if they are losing money even if some division made them. Their job should be reductions of costs that are big - instead they outsourced call centers.