Bloomberg News

Cameron Says He Has No Plans to Change RBS Bonus Arrangements

January 31, 2012

Jan. 30 (Bloomberg) -- U.K. Prime Minister David Cameron said Royal Bank of Scotland Group Plc needs to be turned around and the arrangements for bonuses followed.

“The main thing that needs to happen is for the bank to be turned round, for its balance sheet to be made safe and for taxpayers money, vitally, to be recovered,” Cameron told reporters in Brussels after a meeting of European leaders today. “We’ll look closely at the arrangements put in place, we don’t plan to change them,” and will check they are being followed properly.“It’s up to the individual if they take their bonus.”

To contact the reporter on this story: Thomas Penny in London at tpenny@bloomberg.net

To contact the editor responsible for this story: Andrew Atkinson at a.atkinson@bloomberg.net


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