Home Business NewsFinance News 85 RBS employees got £1m+ pay deals despite £8.2bn loss

85 RBS employees got £1m+ pay deals despite £8.2bn loss

by LLB Editor
6th Mar 14 10:37 am

More than 80 RBS staff were paid more than £1m last year. This was despite the taxpayer-backed bank reporting its biggest annual loss since being rescued by the UK government during the financial crisis.

The bank’s pre-tax loss for 2013 was £8.2bn, compared with £5.2bn in 2012.

The figures are expected to be confirmed later this week, according to Sky News

In disclosures to the London Stock Exchange, RBS is also set to detail deferred share payouts to top executives.

Lloyds has increased the number of millionaires on its books from 25 in 2012 to 27 last year. Barclays, on the other hand, saw 481 workers whose remuneration was over £1m.

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