The RBS (RBS), which is the last bank to publish figures this week, has reported a pre-tax profit of £15 million for the first half of 2009.However, the bank also said it had written off £7.5 billion of bad debts during the period.The bank is 70% owned by the taxpayer after the Government was forced [...]

More: RBS reports £15m profit but bad debts soar

I think he is justifying it as those at the top (not unlike himself) want this bonus and need to find ways of making it happen! so many people out there have lost thier jobs that it would not surprise me ifanyone could be easily replaced in banking right now!

A lot of people that have gone back into work in this industry have had to take a pay cut and I think this should reflect up the ranks as well! The priority should be to pay back some of the money not take it and go running off tto St Tropez or whereever it is they holiday!

St Tropez? I'd be happy to have a break in Skegness

Haha me too but Im guessing Skegness is a bit below par for them lol!