RBS back in the red with £1.4.bn loss - but taxpayers STILL forking out for big bonuses | WHAT REALLY HAPPENED


RBS back in the red with £1.4.bn loss - but taxpayers STILL forking out for big bonuses

Royal Bank of Scotland has fallen into the red with a £1.4 billion loss but increased its staff bonuses in a move sure to outrage the British public.

The lender, which is 83 per cent owned by the taxpayer, said its latest loss came largely after an £825m hit in relation to its use of the Government's toxic asset protection scheme.

But despite its massive decline in revenue, RBS' investment bankers are still raking in huge bonuses, new figures revealed.

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