£1.6bn in bank bonuses as RBS posts £3.6bn loss

Royal Bank of Scotland posted a £3.6bn loss yesterday but said it will still pay about £1.6bn in bonuses as it walks a "tightrope" between public outrage and business demands. The 2009 shortfall at the part-nationalised lender was better than expected following last year's £24.3bn loss and shares surged 7 per cent.

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