Dispute looms over ABN Amro bonuses

A number of senior bankers at ABN Amro’s investment unit are demanding the bank pays them agreed ‘golden handcuff’ bonuses when they are transferred to the company’s new owner, Royal Bank of Scotland, reports the Financieele Dagblad.

The dispute involves some €750m in delayed bonuses, set to be paid out to staff who stay faithful to the bank for three years, the paper says.
Most of the affected bankers are moving to RBS. They argue that the bonuses are part of a deal for key employees made with ABN Amro, not with the Scottish bank.
A RBS spoklesman told the paper that it has not yet decided how to deal with the bonuses but that ‘existing rights will be respected’.

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