RBS pay plan blocked by government

Bank has withdrawn a planned pay resolution after the UK government said it would vote against the move

Royal Bank of Scotland said Friday it has withdrawn a planned pay resolution at its annual shareholder meeting after the UK government said it would vote against the move.

The 81% government-owned bank had wanted to set variable remuneration up to 200% of fixed pay, or two-for-one ratio, in line with some of its competitors.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It