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RBS set to keep banker bonus pool flat, following crisis cuts

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RBS set to keep banker bonus pool flat, following crisis cuts

Royal Bank of Scotland Group Plc will probably not reduce its bonus pool for 2017, Bloomberg News reported Dec. 12, citing "people with knowledge of the matter."

A final decision on the payouts will be made in January, one of the sources said.

The U.K.-based bank began reducing bonus payments in the wake of the global financial crisis, and since 2010 its compensation pool has shrunk by about 75%.

However, the lender made progress on capital in the third quarter of 2017, and the government plans to restart a sale of its stake by the end of March 2019.

In February, the bank said it had cut CEO Ross McEwan's bonus by about 40%, Bloomberg said.