RBS Plans to Scrap Bonuses for Branch Staff, Raise Fixed Pay

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  • Bank seeking to `rebuild customers' trust,' Matheson says
  • RBS has been hurt by rising misconduct costs including PPI

Royal Bank of Scotland Group Plc plans to scrap all bonuses for 20,000 staff at its branches and increase fixed pay by 5 percent starting in 2016 as the government-owned lender seeks to bolster its reputation in the wake of a series of scandals, including wrongly sold payment-protection insurance.

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