Specifically, the Royal Bank of Scotland, which just received a £20 billion bailout from the British government, but still intends to pay bonuses to the people who screwed up the bank in the first place:

The bank has set aside £1.79bn to cover “staff costs” – including discretionary bonuses – at its investment banking division for the first six months of the year alone. The same division caused a £5.9bn writedown that wiped out the bank’s profits for the same period.

The last ‘graph in the article says it all:

Banking sources privately acknowledge that the sight of these bonus accruals may provoke anger. They concede the industry’s pay and bonus regime is under unprecedented strain as it fails to reflect profitability, asset writedowns or share price declines.

The idea that you give people bonuses who lose you money is not, “Unprecedented Strain”, it is insanity.