RBS bonuses to be far lower than last year - government

LONDON Tue Jan 24, 2012 3:17pm GMT

People walk past a Royal Bank of Scotland (RBS) building in the City of London January 12, 2012. REUTERS/Stefan Wermuth

People walk past a Royal Bank of Scotland (RBS) building in the City of London January 12, 2012.

Credit: Reuters/Stefan Wermuth

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LONDON (Reuters) - Bonuses paid to senior executives at majority state-owned Royal Bank of Scotland will be far lower this year than last, British Treasury minister Danny Alexander said on Tuesday.

"We are certainly looking very hard at the remuneration proposals this year and I can assure him that bonuses will be far, far lower than they were last year," Alexander told parliament, referring to proposed bonuses for senior executives at RBS.

(Reporting by Matt Falloon; Editing by Adrian Croft)

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