RBS Bonus Watch '11: David Cameron Is Thinking About Trying Something New This Year

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It's called you'll get nothing and you'll like it.

U.K. Prime Minister David Cameron said he will stop Royal Bank of Scotland Group from paying a reported 500 million pounds ($800 million) in bonuses to investment bankers this year. “We can stop the 500 million, yes, absolutely,” Cameron said in an interview on BBC Radio 2 today. “That is not the agreed figure. That’s a proposal I’ve read about in the newspapers.” The Sunday Times reported the 500 million-pound figure on Nov. 6.

Cameron Says He’ll Stop $800M in Bonuses at RBS [Bloomberg]

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