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:
– Matthew Oakeshott
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.