Banker Bonuses
10% of HSBC shareholders vote against remuneration reportTen per cent of HSBC shareholders have voted against the board's recommended pay deals for staff at HSBC's annual meeting today. |
Taxpayers ‘could wait years’ to get money back from RBS & LloydsIt could take at least five years to sell off the taxpayer stakes in RBS and Lloyds Banking Group, financial experts told MPs yesterday. |
City bonuses to collapse to a quarter of peak, says CEBRA report by the CEBR says that city jobs are to fall to lowest level since 1996 and bonuses will drop to £2.3bn, less than a quarter of the peak of £11.6bn in 2007. |
Barclays shareholder revolt stems from everyday investorsThe revolt that saw almost 27% of shareholders vote against Barclays remuneration report is all the more remarkable as it did not include many votes from the almost 70% of institutional shareholders. |
Citigroup investors vote against new pay deal for PanditCitigroup has become the first big US bank to suffer a majority dissent vote on its planned pay deals for its chief executive Vikram Pandit and other directors. |
Barclays to cut Bob Diamond's pay by up to 75%Bob Diamond is likely to receive 75 per cent less in remuneration once previous incentive plans fall away in a move aimed to placate angry institutional shareholders. |
Santander's UK boss receives £4m despite 40% fall in profitsThe chief executive of Santander's UK business, Ana Botin will receive total remuneration of £4m in 2011 despite a 40 per cent fall in profits. |
Bob Diamond paid £25m in 2011 as bank covers £5.75m tax billThe chief executive of Barclays, Bob Diamond will receive almost £25million in 2011 after full details of pay, bonuses, benefits and the payment of a tax bill emerge. |
Bob Diamond gets £6.3m as Barclays bonus pool falls by 25%Barclays profit fell by three per cent to £5.88bn but its bonus pool dropped by 25 per cent as its chief executives total pay for 2011 fell from £9m in 2010 to £6.3m. |
HSBC set to beat banking rivals with £14bn 2011 profitHSBC will announce its 2011 financial results tomorrow which are expected to show profits of £14 billion, more than double Barclays profits. |
RBS chief Hester defends bonuses and warns on political meddlingStephen Hester, chief executive of the Royal Bank of Scotland, has warned that RBS could become another "British Leyland" if it is used as a political football. |
Lloyds Bank set to post £4bn loss for 2011Lloyds Bank is expected to post a loss of £4bn when it announces its financial results for 2011 tomorrow due in part to a £3.2bn bill for Payment Protection Insurance compensation. |
RBS to unveil £2b loss and £400m bonus pot for 2011The Royal Bank of Scotland (RBS) is expected to announce a £2 billion loss and £400 million bonus pot for 2011 when it releases its financial results for 2011 tomorrow. |
Pressure on Horta-Osorio as RBS and Barclays shun clawbacksRBS and Barclays do not expect senior staff to repay bonuses awarded whilst PPI selling went on but Lloyds boss Antonio Horta-Osorio is under pressure to repay some of the signing-on award he received when he joined Lloyds. |
Lloyds Bank claws back bonuses from top staff who mis-sold PPILloyds Banking Group has announced that ten top executives will have to repay part of bonuses previously awarded as a penalty for the mis-selling of payment protection insurance (PPI). |
Bailed-out banks RBS & Lloyds to announce losses for 2011The likelihood of the UK taxpayer being repaid the £66 billion owed for bailing out the Royal Bank of Scotland and Lloyds any time soon is expected to dwindle this week when both banks announce their 2011 results. |
Cameron calls for truce over banker bonus rowThe Prime Minister, David Cameron, will attempt to diffuse the bonus row as RBS and Barclays prepare to announce details of bonuses by not criticizing either award publicly. |
Stephen Hester admits he "considered resigning"Stephen Hester, chief executive of RBS, has vowed "to prove the critics wrong" in a memo released to staff as he breaks his silence over the recent banker bonus row. |
Bob Diamond set for £2m bonus as Barclays report £6bn profitThe banker bonus row is set to re-ignite this week as Barclays announces profits of almost £6 billion fuelling speculation over the level of banker bonuses it will pay. |
Fred Goodwin loses knighthood in the ultimate banker bashingFred Goodwin, former boss at the Royal Bank of Scotland has been stripped of his knighthood after it was decided he had "brought the honours system into disrepute." |
RBS bonus row highlights three key issuesThe toxic row over banker bonuses highlights whether banks owned by the taxpayer should pay bonuses, the amount that private banks should pay and what role the government has in setting limits. |
RBS caves in to political pressure as Hester rejects £1m bonusThe Royal Bank of Scotland boss Stephen Hester has rejected a bonus worth £963,000 after Labour threatened to force a parliamentary vote to have the deal overturned. |
RBS could pay Hester £8m under long-term pay incentive planUnder-fire bank, RBS, 83% owned by the taxpayer could pay its chief executive Stephen Hester £8 million in the future as part of a long-term incentive plan. |
RBS Group chairman, Sir Philip Hampton rejects £1.4m bonusThe Group Chairman of RBS, Sir Philip Hampton has waived his £1.4m bonus but defended chief executive Stephen Hester's right to receive his £963,000 bonus. |
RBS boss Hester's bonus could be much higher than £1millionThe bonus of 3.6m shares being awarded to Stephen Hester, the boss of 83% taxpayer-owned bank RBS, could be worth much more than £1million if the share price rises. |
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