Clegg urges RBS to show restraint over bonuses

Deputy Prime Minister Nick Clegg has warned taxpayer-owned Royal Bank of Scotland that it "shouldn't be dishing out ever larger amounts of money in pay and bonuses" as it announced pre-tax losses for 2013 of £8.2bn and a reduced bonus pot of £576m.

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RBS £576m bonus pot down from £679m in 2012

Bank bonuses are down amid further losses. Credit: David Cheskin/PA Wire/Press Association Images

RBS has revealed a staff bonus pot of £576 million, including £237 million for its investment bankers, which is down from a total pot of £679 million in 2012.

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