RBS Boss Justifies Bonuses

The transcript discusses the challenges faced by RBS, a partially nationalized bank, including accusations and political pressure. Despite making losses, RBS has a significant bonus pool, leading to public and political scrutiny. The Prime Minister addresses the perception of Britain being anti-business, emphasizing the importance of wealth creation. The future of RBS remains uncertain, with the government holding shares and taxpayers' opinions being crucial.

What was the main reason Stephen Hester had to defend RBS?

• The bank's strong performance

• Accusations against the bank

• The bank's nationalization

• The bank's investment strategies

How much profit did the investment bank make over three years?

• £11 billion

• £2 billion

• £45 billion

• £785 million

What was the average bonus for an investment banker at RBS?

• £1 million

• £23,000

• £2 billion

• £785 million

What perception did political pressure on Stephen Hester create about Britain?

• Pro-business

• Anti-business

• Supportive of bonuses

• Neutral

What is expected to happen when the government sells its share in RBS?

• The bank will face more scrutiny

• The taxpayer will benefit

• The financial sector will collapse

• The bank will remain nationalized