CITY VIEWS: WHAT DO YOU MAKE OF THE ROW OVER BONUSES AT RBS?
ANDREW CRAWFORD INTUITION
“I think RBS is stuck between a rock and a hard place and government should never have bought up the bank in the first place. Now RBS can’t award the bonuses, but without them it will lose its ability to remain competitive.”
BEN REED AXIS CAPITAL
“I think that the most the government can really do is attempt to cap RBS bonuses. But even then, heavy restrictions on bonuses would cause RBS to lose the incentives necessary for attracting talent to help it out of its crisis.”
DAVID BROWN ROYAL LONDON ASSET MANAGEMENT
“I don’t think RBS should be forced to sell off its investment bank, nor should it attempt to restrict its bonuses. Doing either would prevent RBS from keeping up with its competitors which would be a bad idea as it strives to recover from the crisis.”