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Breakingviews - RBS pulls off bonus balancing act

Thursday, February 23, 2012 - 04:16

Feb. 23 - The investment bank bonus pool at RBS might be down, but in reality little has changed; gold bull’s run is slowing, but not over yet, says Reuters Breakingviews.

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Told stories today Marc Collins rob -- is breaking news RBS is putting offered by -- missed balancing act according to breaking news. I don't look at it says is gold well at least for the moment let's central with Chris Hughes about a stores. All right I'm RBS numbers. They didn't have periods -- who has been cops but let's face says that bonuses and down for their salaries Iraq. This is the way that it now is the -- alternate events. That that is actually the case of BS mean for me Stephen has the fear is -- or that's remarkable arms and because he's let's. Get real this is a war of the states. It any pretense that this is being wrong on so purely commercial lines that the -- in -- way -- months. Of course has is gonna -- -- is -- -- try and pay people capacity. In the -- stand the guy. Maybe we -- -- back -- -- grouping people. And -- he's done it twenty families Burton in and it's the have annoyances -- laps on for the big pool in the actual bonus pool. And then if you look at the compensation ratio which disproportionate and all of revenues paid out to stole an awful you know Muslim custom -- because look at how fast -- -- -- this was political them off just on the 41%. It has the impression right so obvious that they are threats that's that we could scratch -- on the numbers there and actually know they're saying her cute bunnies and knuckle race. When you straighten them out actually corporation hasn't changed to the hole there. And that's you say well Bill Watkins has that down the houses and -- -- -- and uplift. McCain in the at the base salary is. So is this how overrule. It or what actually pay it all began this out of proportion -- revenues. Hasn't really changed the mix has changed a bit from. From sellers from from -- says -- rates have gone soft so the pressure continues. The well. It's 30 yeah are you giving them a better I don't know I think that the that the the -- -- that that it's quiet it's seasonal thing is that in it. -- this is that it's around is coming soon and and the agenda will indeed he does little for the removal -- -- what. It'll be back again next yeah but in the meantime -- the way that the way that the the -- -- this. It has its themes looks as it is. Got something for for you. Okay -- Islamabad told. It's -- it's a story there's a Campbell's story. I suppose Jim Brooks is about this yesterday. It doled seems certain he wouldn't agreement is of course this is told he's been acting very -- terrorist asset here need. Actually very some Rudy old correlation with the Euro is is is is pretty times against losing a little bit. I'm in Campbell is arguing that it's actually a risky asset and a safe haven in the same time and that's why it's and so while. Yeah he's right and it's it's all the Waco hates it seems to -- -- Holmes took the contradictory investment -- as long as. Safe haven asset buying gold but then when bode well lose -- -- that pump -- money again and what do people think they speculates home golden. It how this Volvo all of konduz. It. -- -- -- -- -- -- -- go from -- well. You know ultimately. We think that with so much money sloshing around the world still lives are actually gonna property fuel. Look over a bit more it's not it's not out there it is the from the peak. We've given them credit for a bit more like the -- -- went the world and the world eventually returned to normal. You know -- interest rates actually thought its account which one day they will and that people and they don't discriminate safe havens. And you know remote monitor policy normalized is that -- frankly old as he can suck but. We're not biased okay Chris many things about for more generous heading into our ports are US breaking news show every day twelve birdies in 1730 GMT. And that's a problem sources.

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Breakingviews - RBS pulls off bonus balancing act

Thursday, February 23, 2012 - 04:16