02-23-2012, 05:33 AM
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Beautiful Bastard
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: Dec 2007
: Stafford
: 9,537
Rep Power: 33
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The Royal Bank of Scotland has reported its fourth year of losses since the bank's bailout in 2008.
The bank posted an attributable loss of £2bn in 2011, up from a loss of £1.1bn in 2010.
In reaction to the annual results, Chancellor George Osborne said RBS is "cleaning up the mess after the biggest bank bailout in history".
Last month chief executive Stephen Hester turned down his bonus of nearly £1m following political pressure.
On a pre-tax basis, last year's loss was £766m compared with £399m in 2010.
Last year, the company's share price fell 48% and now stands at under 30 pence. Shares gained 4.8% on Thursday.
Despite that performance, the bank paid out £785m in bonuses to staff in total last year.
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“I always believe the movies I've made are smarter than the way they are perceived by sort of mass culture and by the critics,” Snyder said, a statement he immediately followed by saying, “Also, ‘It looks like a video game.’
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