February 7, 2009
The bonus crackdown
Story link: The bonus crackdown
The likes of Barclays and Lloyds have been banking of deposits as well as bailouts from the UK public, and now they plan to blow that cash on bonuses for bankers that in my eyes are mostly on stupidly high raises as it is!
Banks dependent on taxpayer support are planning to rush out hundreds of millions of pounds in bonuses to senior bankers and traders before a threatened crackdown.
As ministers prepared to curb excessive remuneration, it emerged that Barclays and Lloyds Banking Group were poised to follow Royal Bank of Scotland (RBS) by paying bonuses within weeks.
Leave a Reply
Related financial stories:
No related postsPrevious: « Bank prepares for another pecentage cut
Next: Interest Rates hit a record low! »
Visited 272 times, 2 so far today