RBS posts biggest loss in six years

Royal Bank of Scotland (RBS) has reported its biggest annual loss since it was rescued by the UK government during the financial crisis in 2008.

The bank’s pre-tax loss for 2013 was £8.2bn.

Despite the loss £576m was set aside for staff bonuses, of that sum, £237m went to investment bankers.

There is one phrase that I think should be used to describe this and it’s fucked up.

I really need someone to explain business to me because this makes zero sense, RBS have posted their worst, repeat worst, annual loss since it was bailed out during the financial crisis, posting a loss of over £8bn and yet it could still find £576m to give to staff as bonuses?

Yeah rewarding people with millions of pounds for doing a poor job that’s the way forward I can’t see anything bad happening as a result of that. . . . . .