Banks rush to pay bonuses as RBS directors quit

As ministers prepared to curb excessive remuneration, it emerged that Barclays and Lloyds Banking Group were poised to follow Royal Bank of Scotland (RBS) by paying bonuses within weeks. Lloyds, which has taken £17bn in rescue money from the Government, appears ready to give hundreds of millions of pounds to top executives and more junior staff. ROYAL BANK OF SCOTLAND (RBS), the part-nationalised banking group at the centre of a growing bonus row, has paved the way for its new-look board, parting company with seven independent directors before the arrival of three further non-executive...