Banking: Royal Bank of Scotland — Question

Part of the debate – in the House of Lords at 3:04 pm on 1 February 2011.

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Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury 3:04, 1 February 2011

My Lords, the Royal Bank of Scotland is due to announce its results on 24 February. It normally makes its remuneration disclosures on or around that date, so we will have to wait. I have no knowledge of the number of bankers who might or might no be getting particular levels of bonus. Our relationship with the Royal Bank of Scotland is managed on a commercial, arm's-length basis through UK Financial Investments.