Royal Bank of Scotland, parent of UK private bank Coutts, has been hit by more troubles in recent days, as two of RBS’ most senior bankers have resigned due to frustration over the bonus policy of the partly state-owned bank, according to the Daily Telegraph.

Steve Ashley, who heads up RBS's lucrative trading division, and Chris Fleming, a senior salesman, quit the bank on Friday last week. Mr Ashley and Mr Fleming are thought to have been offered jobs elsewhere but their decision to leave is believed to stem, at least in part, from dissatisfaction that RBS is being forced to scale back bonuses in the wake of the taxpayer-funded bailout of the bank, the newspaper said.

Separately, media reports said that RBS is sitting on a loss of several hundred million pounds after being forced to take back ownership of £1.8 billion ($2.8 billion) in German properties bought at the peak of the market by a fund run by Morgan Stanley.

In one of the largest paper real estate losses so far for a UK bank, RBS has taken control of a portfolio of 28 properties, mostly located in the Rhine-Main and Berlin areas.

About a week ago, this publication reported that John Baines, chief executive of RBS Wealth Management, has resigned, leaving at the end of February to pursue other interests.