RBS chief executive Stephen Hester has warned that a proposed cap on banker bonuses will chase “economic activity ... to where the playing field is more favourable".
On the day the bank announced losses of £5.2 billion, Hester defended his record and justified his bonus.
“We're doing a lot for this country from a very big mess,” he said.
More top news
A 25-year-old man has been arrested for urinating on the Cenotaph in Whitehall and pulling down commemorative wreaths.
A Bank Holiday washout has left many Britons running for cover, with a fortnight's worth of rain expected on Monday.
Gary Barlow has given another bride a wedding day to remember after serenading her on the big day.