On the 23rd February, RBS will announce their 2011 Preliminary Results. Despite the public uproar forcing CEO Hester to forego his £1m, RBS is expected to pay around £500m in bonuses. Many bankers will receive significantly more than Hester was going to. 

Bonus culture persists in this 83% taxpayer-owned bank alongside 33,000 job losses, low share prices and failure to meet their lending targets for small business. It sits in stark contrast to the stagnating economy, austerity cuts and job losses experienced by the wider public following the £45bn RBS bailout. 

Bonuses are one of many problems in British banking, and serve to remind us that our banking system is failing households, businesses and wider society, just to line the pockets of the few. Government promises to effect change show no sign of going anywhere. It’s up to us to change things.

Change happens when we act. And where we keep our money matters.

On 23rd February say ‘no’ to business as usual for the big banks, and help build a better banking system.

Be outside an RBS branch on Thursday morning ready to move your money.You don’t have to be an account holder to tell the bank that you, or your friends and family, won’t put up with this greed.

London 8.45-9.15am 127 High Holborn, WC1V 6PP Facebook event

Leeds 8.30-9.30am 27 Park Row, Leeds, West Yorkshire LS1 5QB Facebook event

Nothing happening near you? Get in touch with contact@moveyourmoney.org.uk if you want to organise your own! Can’t make that time? 

On the day, send us your RBS stories, your pledges to move or photos cutting up your card.