No More Big Bonuses for Bankers says RBS Chief

The video discusses the role of RBS in a moral debate about banking ethics, focusing on unsustainable profits and high banker pay. Alistair Darling shares insights on bankers' lack of awareness during the financial crisis. Lloyds Banking Group's decision to claw back bonuses highlights accountability. The fairness of bonuses in finance is debated, with a focus on Barclays' resilience during the crisis. The video concludes with potential changes in boardroom dynamics.

What was the main reason given for the unsustainable nature of bankers' pay?

• Public opinion

• Government regulations

• Unsustainable profits

• High demand for banking services

What did Alistair Darling find surprising about some senior bankers during the financial crisis?

• Their willingness to take pay cuts

• Their lack of awareness of their actions

• Their commitment to public service

• Their innovative financial strategies

What unprecedented action did Lloyds Banking Group take regarding executive bonuses?

• Increased bonuses for all executives

• Clawed back bonuses due to poor performance

• Introduced new bonus schemes

• Distributed bonuses to lower-level employees

What was the opinion expressed about the concept of fairness in high finance?

• It is universally agreed upon

• It is the foundation of banking ethics

• It should be banned as a word

• It is essential for business success

How did Bob Diamond and John Varley impact Barclays during the financial crisis?

• They led the bank to significant losses

• They maintained the bank's profitability

• They resigned from their positions

• They focused on international expansion