UK banks ‘ignoring government pay pleas’

UK banks ‘ignoring government pay pleas’ – British banks such as Barclays and Royal Bank of Scotland (RBS) are ignoring government calls to show restraint on remuneration levels, it has been claimed.

RBS has recently raised pay for its employees by around 73 per cent on last year’s levels, while Barclays Capital, the investment banking arm of Barclays, has increased pay and bonuses by 93 per cent – BobsGuide

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