The Guardian:
The Royal Bank of Scotland proposes to give a £5million bonus to its investment banking chief, with another £7million for its chief executive
More than three years after bankers brought the country to the brink of collapse, their cavalier destruction of British businesses goes on and on.
Look at Peacocks, the retailer which employs more than 10,000 across the UK. At the height of the boom in the mid-2000s, RBS recklessly pressed lavish loans on the company, encouraging it to borrow as much as it could spend
But today, when the struggling firm needs all the help it can get? Without a thought to those 10,000 workers - never mind the wider economy - the bank has pulled the plug on the business, leaving it flailing for an emergency rescuer.
How, in the name of decency, can a publicly-owned bank be allowed to behave like this?
Comment:
Surely such nepotistic actions are corrupt? As then must be the Banking industry - and yet the nepotistic, corrupt politicians still pander to them. With so many MPs and MPs wives being paid advisors to banks, such as Ffion Hague at Barclay's, and taking the decisions to rescue them, reaffirming the nepotistic, corruption that is rife within our Government - how the hell are the nepotistic, corrupt, fiddling, cheating, lying, politicians they getting away with it all the time?
No wonder there are occasional riots and Occupy movements!
