THE scale of mammoth pay packages in the banking industry has been revealed as Royal Bank of Scotland and Barclays said that over 500 workers between them were paid more than £1m last year.
In reports released just hours apart, taxpayer-backed Royal Bank of Scotland said it paid 93 staff more than £1m,. One of the bank’s most senior workers earned £4.8m, including long-term incentive shares that will pay out if future targets are met. While 428 employees at Barclays also picked up pay deals worth over £1m – including five who got more than £5m – despite a year of scandal and falling profits.
71,500 Barclay staff received less than £25,000 in 2012.
In reports released just hours apart, taxpayer-backed Royal Bank of Scotland said it paid 93 staff more than £1m,. One of the bank’s most senior workers earned £4.8m, including long-term incentive shares that will pay out if future targets are met. While 428 employees at Barclays also picked up pay deals worth over £1m – including five who got more than £5m – despite a year of scandal and falling profits.
71,500 Barclay staff received less than £25,000 in 2012.
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