Controversy over RBS pay and bonuses

The video discusses the controversy surrounding bonuses at the Royal Bank of Scotland (RBS), highlighting political and economic implications. With a general election approaching, Labour sees an opportunity to criticize RBS's bonus practices. New EU laws cap bonuses at 100% of salaries, but RBS seeks shareholder approval for up to 200%. The Chancellor challenges this cap, arguing it harms London's competitiveness. Leadership changes at RBS aim to balance political and employee satisfaction, while staff retention remains a concern. The video concludes with the potential impact on RBS's future and job cuts.

What recent event has contributed to a feel-good factor among workers in the financial sector?

What is the significance of the general election mentioned in the context of Labour's opportunity?

How does the new EU law affect payouts for senior staff at banks like RBS?

What challenges does the new boss of RBS face regarding bonuses and employee satisfaction?

What are the implications of the Chancellor's challenge to the Brussels cap on bonuses?