Qualified advisers answering your
Financial Questions
call 0800 092 1245

Santas in bank bonus protest

A group of campaigners dressed as Father Christmas have descended on the City of London office of RBS in protest over executive bonuses.The London Coalition Against Poverty (LCAP) handed out leaflets criticising the part-nationalised bank's right to pay staff large bonuses, the Press Association reports.RBS received a significant proportion of the October £37 billion government banking bail-out after its balance sheet was exposed to the freeze in wholesale lending caused by the credit crunch.Around 30 members of LCAP handed out notes to bankers which carried slogans reading 'You Owe Us' and 'Bonuses for the Homeless, Not Bankers'.However, RBS chiefs have since claimed that some staff will still get their annual bonuses, despite the banks taxpayer funding.LCAP spokesperson Ellie Schling said: "For the vast majority of us this Christmas will be more difficult than most."But the majority of bankers will again be receiving obscene amounts of money in Christmas bonuses and to make it worse it's our money they're getting this year."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details