Gordon Brown's claims to have clamped down on executive bonuses at the majority government-owned RBS were challenged last night when it appeared the deal would include not just 2008 cash payouts for executives worth £175m, but probably as much as £600m in deferred benefits. The prime minister was ...

Gordon Brown was under rising pressure to clamp down on the City's bonus culture last night after the US Congress agreed to drastic curbs capping senior bankers' bonuses at a third of their salary. The measures, which are expected to be signed into law by President Barack Obama this week, would appl...

The Royal Bank of Scotland infuriated unions tonight by announcing plans to cut 2,300 jobs only hours after its former chief executive Sir Fred Goodwin had publicly apologised for the Edinburgh-based bank's downfall. At a packed meeting of the Treasury select committee of MPs, Goodwin had been joine...

Bankers would face a £25,000 cap on cash bonuses under plans being examined by the Treasury last night in a bid to silence the public outcry over the City's culture of huge rewards and dangerous risk-taking. But the move to stifle growing anger over bonuses at the Royal Bank of Scotland was in dang...