RBS fails to provide pay information
The Royal Bank of Scotland Group has failed to provide information on pay and bonuses to a UK Parliamentary Committee, which is due to report on the banking crisis in May
The Wall Street Journal has reported that the Royal Bank of Scotland has failed to respond to requests from a UK parliamentary committee for information on pay and bonuses. The Committee is due to report in May but the missing information could delay the publication of its findings.
Several other banks, responding to a separate request for information, have disclosed an unusual amount of information about the pay and bonuses granted employees, with some, the US newspaper maintains, disclosing the extent to which bonus pools for 2008 were slashed. However several still chose not to answer specific questions on pay and risk management.
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