RBoS to report losses of £5bn and investment banking bonuses of £1.3bn

[Bozza]

Beating others to it, what do the great and the good of NSC make of RBoS's expected annual results which are likely to include a loss of c£5billion and details of c£1.3billion in bonuses to be paid to its investment bankers.

Announcing losses of about £5bn is usually career-ending for any company's chief executive.

And yet RBS boss Stephen Hester will be trumpeting this figure when the bank publishes its annual results on Thursday morning.

Compared with a loss of £24bn in 2008, anticipated losses of a fifth of that appear to be a major turnaround.

 

[Easy 10]

Its absolutely crucial these huge bonuses are paid, so that the banks can attract the calibre of people they need and give them the right kind of incentives to excel, in order to drive the business forward into profitablity.

Apparently.

 

[Dick Knights Mumm]

Criris - what crisis ?

That only happens to other people. Like us.

 

[skipper734]

Not impossible to replace. I bet if they gave me the job I could easily get them losses of £5 billion............ Oh.

 

[folkestonesgull]

the laws of the free market obviously don't apply to banking, that would be crazy

 

[clapham_gull]

Why these people aren't running Premier League clubs is beyond me.

 

[Common as Mook]

Its absolutely crucial these huge bonuses are paid, so that the banks can attract the calibre of people they need and give them the right kind of incentives to excel, in order to drive the business forward into profitablity.

Apparently.

Except this is a state run bank who has made a LOSS as opposed to a privately run bank who has made a huge profit, as per the last thread we had this debate on. Two completely different cases.

 

[DerbyGull]

Good news that the deficit is closing and i hope to see my small-holding travel north in the coming years

 

[Easy 10]

Except this is a state run bank who has made a LOSS as opposed to a privately run bank who has made a huge profit, as per the last thread we had this debate on. Two completely different cases.

Just trotting out the party line on how they'll justify it. Not saying I agree.

 

[Uncle Spielberg]

Its appears nothing has changed. You have to laugh. What planet or these people on with their 5 bed detached houses in leafy Surrey. 3 holidays abroad a year, a swimming pooli in the back garden and Champagne and Cavier all the way. Lovely.

 

[Uncle Spielberg]

These people probably earn more in a day that I am in a year and I can guarantee I work much harder. C*nts.

 

[Common as Mook]

These people probably earn more in a day that I am in a year and I can guarantee I work much harder. C*nts.

Calm down dear. You cannot say you work harder than everyone works in RBS' investment bank. Who are you to comment on how hard they work?

 

[Uncle Spielberg]

They are ALL a bunch of lazy c*nts.

 

[Spun Cuppa]

A tad O/T, but a bit of advice needed from financial type sages...

Someone told me that the Government has basically borrowed over a hundred (?) billion £ to bale out all these banks and secured it by selling bonds to the value of the borrowed money, and will struggle to pay the interest on these bonds in the future, creating a double-dip recession?

I'm not sure if I'm recounting it accurately, but it was along these lines...

Wodja fink?

 

[Silver flying chariot]

These people probably earn more in a day that I am in a year and I can guarantee I work much harder. C*nts.

Think you will find that the more you get paid the more risk you ha ve to take on and be responsible...

I am sure you may well work much harder than people in the bank, but then again your probably not as responsible for things as they are

Short sighted view is that you shouldn't pay the bonus as they lost 5 billion, however they have actually turned a 24 billion loss into a 5 billion loss. That in my book means they were actually succesful..

Not justifying it either way, however you sometimes need to speculate to accumalate. They are taking a risk by paying these bonuses. However, whats a 1.3 billion pound bonus if by paying that out you are going to make a 20 billion pound profit... small fry IMO

 

[Lyndhurst 14]

Think you will find that the more you get paid the more risk you ha ve to take on and be responsible...

Didn’t really think there was that much risk involved IMHO – isn’t it really being paid to gamble with other people’s money. Worst that can happen is you get sacked – bit different to losing the shirt off your back

 

[Bob!]

. Worst that can happen is you get sacked – bit different to losing the shirt off your back

that, or you might bankrupt the country!

oops, too late!

 

[Tom Hark Preston Park]

Its absolutely crucial these huge bonuses are paid, so that the banks can attract the calibre of people they need and give them the right kind of incentives to excel, in order to drive the business forward into profitablity.

Apparently.

Indeed. God-like Masters Of The Universe.

Apparently.

 

[Juan Albion]

Hooray for investment bankers.

 

[aftershavedave]

Its appears nothing has changed. You have to laugh. What planet or these people on with their 5 bed detached houses in leafy Surrey. 3 holidays abroad a year, a swimming pooli in the back garden and Champagne and Cavier all the way. Lovely.

it's caviar actually unc. lovely indeed.