Responding to RBS annual results, David Hillman, spokesperson for the Robin Hood Tax Campaign said:
"RBS might claim to have turned the corner, but with jaw-dropping losses of almost £60bn this is a horror story not a success story.
"With the spectre of massive US fines looming and the details of the bank's disgraceful mistreatment of customers revealed, it's horrifying that RBS, which is still over 70% publicly owned, can somehow find £3.5m to dole out to its CEO Ross McEwan."
For more information contact:
Asha Tharoor on [email protected] or 07813 688680
Notes to editors:
The Robin Hood Tax campaign is a coalition of 100+ UK organisations including Barnardo’s, Comic Relief, Oxfam, Friends of the Earth, Stamp Out Poverty and UNISON: www.robinhoodtax.org.uk
The campaign has more than 250,000 supporters and is endorsed by over 1,000 economists.
The campaign is calling for financial transaction taxes to help tackle poverty and climate change, at home and abroad.