Darling reduces RBS staff bonuses

View an online version of this email here.  All times are London time: Tuesday Feb 17 2009 Breaking news Darling reduces RBS staff bonuses Cash bonuses at Royal Bank of Scotland will be cut from the £2.5bn paid last year to about £335m this year, Alistair Darling, the chancellor, announced on Tuesday. The government hopes the announcement will help to calm the political furore over rewards going to staff at banks bailed out by the taxpayer. Ministers have exercised their right of veto over bonuses paid by Royal Bank of Scotland, which is 68 per cent state-owned, to try to minimise the headline total while retaining valued staff. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.