They helped cripple the UK’s banking sector and cost taxpayers billions of pounds… but now Britain’s disgraced former bankers are set to share a pension pot worth £104 million. Ten senior executives from the five banks rescued with public money are each in line for pensions worth a minimum of £300,000 a year, it has been reported. The greatest yearly payout of £1.4 million a year is being claimed by Larry Fish, who in part is considered responsible for sealing the fate of Royal Bank of Scotland, the investigation by The Times revealed. As a main board director, he voted in favour of buying ABN Amro, the catastrophic deal which many believe led to the downfall of RBS.

Another RBS director who approved the deal is Gordon Pell: he is reportedly drawing a pension of £517,000 a year. Mark Fisher was also on the board when the decision was made. He now works for Lloyds Banking Group, but is due to receive an RBS pension of £398,000. Former RBS chief executive Fred Goodwin reluctantly agreed to cut his pension from £693,000 a year, after facing pressure from the bank and the public.....Read more here: Reward for failure: Britain's disgraced former bankers set to share £104 MILLION pension pot