RBS senior staff trouser £1.2m each

17th Mar 2011 17:02

Some 323 top-level staff at Royal Bank of Scotland (RBS) pocketed a total of £375m in 2010, the government-owned lender revealed Thursday.The average pay of these senior employees, or "code staff", totalled £1.16m in a move that is sure to fuel the 'banker-bashing' rhetoric taken by many politicians over recent months.Compensation accrual - the amount it puts aside for salary and bonuses each year - for the group as a whole fell from £9.08bn in 2009 to £8.96bn last year, as UK banks came under pressure from authorities to reduce pay under the Project Merlin deal.The average pay for the 148,500 employees at RBS was £60,309 in 2010, up from £56,439 last year, as the group's headcount fell by 12,400.