Compensation Watch '09: RBS

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Not so great news for the Queen's bitches:

Numbers out today for Global Banking and Markets. All bonuses are 100% deferred- over 3 years, subject to clawbacks. Terms still not defined.
Bonus Ranges:
1st year: $40k-$50k
2nd year: $50k-$60k
3rd year: $60k- $70k

Base salaries for 1st- 3rd years bumped by $10K:
1st years base: $70k
2nd year base: $80k
3rd year base: $90k
3rd years promoted to Associate: Base: $100K- no signing bonus