More than 100 RBS bankers paid over £1m

"Sir Philip Hampton, chairman of RBS confirmed that more than 100 employees received £1m or more for their performance in 2010, but said the number was lower than the preceding year.<br /> Average pay for the 19,500 staff in RBS's investment banking arm fell by just over £18,000 per employee to £144,012 and about a quarter of staff in the division received no bonus at all for last year.<br /> Those who did receive bonuses had the cash element capped at £2,000 and the rest will be paid in the form of bonds convertible into RBS debt that will pay out over three years, with the first due to vest in June.<br /> RBS did not say how much its bonus pool was worth this year, but confirmed that the total was less than £950m.<br /> Stephen Hester, chief executive, said: 'We have tried to exercise restraint.' However, he added that staff at the bank felt 'beleaguered' by the widespread criticism they had faced as the lender became a 'political football'."

More than 100 RBS bankers paid over £1m

"Sir Philip Hampton, chairman of RBS confirmed that more than 100 employees received £1m or more for their performance in 2010, but sai...

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