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RBS boss gets bonus after Libor

The boss of the taxpayer-funded Royal Bank of Scotland (RBS) will be paid a bonus of almost £800,000, weeks after his bank was fined £391 million for rate-rigging.

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RBS bonus decision 'totally unacceptable'

A Liberal Democrat peer has branded the decision to award the boss of Royal Bank of Scotland a bonus of £780,000 weeks after his bank was fined £390m for its role in the rate-rigging scandal as "wholly unacceptable."

Speaking to the Sunday Times, Matthew Oakeshott said:

It is wholly unacceptable that [he] should receive a bonus for 2010 when these scandals were still going on.

He had been captain of the ship for two years, but the crew was still robbing passengers.

– Matthew Oakeshott

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