RBS, Lloyds Annual Bonuses Capped for a Fourth Time, Sky Reports

Royal Bank of Scotland Group Plc and Lloyds (LLOY) Banking Group Plc plan to cap staff bonuses for a fourth straight year, Sky News reported without saying where it got the information.

The banks, part-owned by the U.K. government, will impose a 2,000-pound ($3,200) ceiling on the payouts, the news organization said. Spokeswomen for Lloyds and RBS declined to comment on the report.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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