RBS set to unveil £400m bonus pot

Taxpayer-backed Royal Bank of Scotland is set to reignite the debate over bankers' pay as it unveils a £400 million bonus pool for its investment bankers in 2011.

While the pot would represent a 60% cut on the previous year, the award will follow a year in which the bank announced thousands of job cuts as it reshaped its investment banking arm Global Banking and Markets (GBM).