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I think it is relevant to discussion about top bankers' bonuses to point out that I understand that RBS has discontinued giving long service awards which mostly went to lower paid staff and I believe avaraged ?250/500. I think Stephen Hester should look at this "cost saving" before moaning about highly paid bank staff getting reduced bonuses. I would be very relieved to hear that I'm wrong. Whilst it's a...

any idea of the counter party?

Everyone likes to think that other people's jobs are easy to do but life isn't quite like that. A lot of people think trading your own money from home is easy once you've got enough capital to do so but they've no idea what pressure there can be in generating an income from your wits each and every year. I know a guy my age who's just come out of hospital after his second heart complication in a year, whilst another...

Peter, ?A few wheelers and dealers may be intimately involved with making large profits, but however much many would choose to think otherwise their work depends on the rest of their team, even it if that is data entry, admin etc? I agree with you. I remember many years ago, when I first made junior partner in a broking firm, being told by the senior partner that in a bad year we junior partners had to take a huge income cut but the jobs and...

I don't suppose this will go down well in a room filled with bankers. nor will this http://www.thedailymash.co.uk/news/business/but-the-real-wor...

Avi Brilliant stuff. I have not read all of the posts in this thread but there is a tremendous amount of insight into how investment banking works if you get rid of the crap. I am an "investment banker" of 20 years. Firstly, as has been noted in plenty of posts the term "investment banker" is a broad generalisation and encompasses many different professions. Also, what has been noted is that most of the...

Very interesting stuff. May I ask which company it was written by?

hi guys a lot of us have come to rbs trades on the assumption that there may be a tender; i see no sign of it, nor any reason why one might have to happen; please tell me that i am wrong and that there are signs or omens or something

PertEagle, HL said they have not yet received the interest/dividend. But confirmed that it will be paid Nandan

The general public are as unable to differentiate one type of banker from another To some extent it is not appropriate to do so - the guys that bought sub-prime were probably, as a group, no different from any other group of bankers and simply came across the wrong product at the wrong time. No individual banker could reasonably be blamed for this debacle, but the surprising thing is that nobody among the hundreds involved thought that a...