Unexpected fall-out of bonus reductions

I saw in the paper this morning an, to me, unexpected fall-out of the slump in City bonuses: a number of divorcees are approaching their solicitors/ ex-spouses with a request to renegotiate divorce settlements. These of course have been negotiated with the expectation of solid bonuses that are now not forthcoming.

This though is probably overshadowed by the expected but, even so, scary record loss reported by RBS: £24.1 billion! This is the worst business loss in UK history – those record numbers just seem to pop up all over the place these days. £16.2 billion was caused by “must have” ABN Amro, this certainly have proved a costly decision and made despite several warnings. (I wonder why the word ‘irresponsible’ keeps popping up in the back of my head.) The plans are that the taxpayers are to cough up with another £25.5 billion and in return we get all the toxic waste from RBS. Hmmm….


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