Saturday, 1 May 2010

RBS chief (on £3½m) admits salaries are 'astonishingly high'

THE chairman of Royal Bank of Scotland has admitted that bankers' pay is "astonishingly high."

Sir Philip Hampton conceded that it was difficult to defend the gap between what most people earned and the salaries in the banking sector. However, he said that if banks did not remunerate their "top people", they would lose them to other companies.

In the run-up to the General Election, politicians across the board have called for caps on bankers' bonuses. more...


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