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I didn't realise they had a bonus pool...
Way to kick them when they're down, lol.
...I didnt realize they had IB...
I've found that most commercial banks have an IB unit of some sorts. Might not be huge but most have a cap markets/IB arm. I think RBS is much bigger in Europe.
Is this surprising? Aren't they trying to sell-off their entire IB unit right now anyways? In any case, I'm pretty sure GS/MS and other top BBs have also slashed bonuses by similar amounts.
Once one goes, they all go
....
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