RBS was deserted by 700 top investment bankers for salary reasons

According to the Sunday Times newspaper Sunday report, the Royal Bank of Scotland lost over than 700 top investment bankers to other banks that paid higher salaries and guaranteed bonuses. 

As the Sunday Times reported, rivals, with teams in commodities and fixed income jumping ship, affected bank’s profitable global banking and markets units. 

So, traders are currently suggested with a year's salary in cash as a singing bonus by the other banks. RBS has been made raising salaries of some top executives as a move to prevent their ratting over to competitors, like Barclays Capital and Nomura. 

RBS’ stocks were trading higher during early European trading, following the rest of the banking sector.