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Bank bonuses to run into BILLIONS as population feel after-effects of bailout crisis

Bank bonuses to run into BILLIONS as population feel after-effects of bailout crisis

Banks mired in scandal and bailed out by the state are set to infuriate hard-up families by announcing their share in nearly £5billion in bonuses.

The bumper payouts could include £2.2billion for staff at HSBC amid controversy over its Swiss banking arm, accused of helping super-rich customers evade tax.

And a £500million handout at Royal Bank of Scotland will be a slap in the face for taxpayers landed with a £9billion loss on the bailed-out bank.

They are part of a near £5billion bonanza that could be unveiled by Britain’s Big Four banks alongside a surge in profits in the coming weeks.

Read More: Bank bonuses to run into BILLIONS as population feel after-effects of bailout crisis