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How many millionaires does it take to make a banking system?
Andrew Tyrie's latest move on cajoling the banks into some transparency on pay is a welcome ideaAndrew Tyrie, chairman of the Treasury select committee, has put his big brain to work and come up with a...
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RBS and Lloyds chief executives accept £3.49m in bonuses
• Stephen Hester receives £2.04m, Eric Daniels £1.45m• Acceptance of bonuses likely to set precedent for other banks• All-share award will be deferred for three yearsStephen Hester, chief executive of...
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British bank bonus bonanza for bosses
Four CEOs have been among those to have taken sizeable bonuses despite widespread calls for pecuniary restraintStephen Hester, RBS £2.04mThe chief executive of Royal Bank of Scotland was parachuted in...
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Lloyds Banking Group returns to profit as high street division booms
• Lloyds's high street arm saw profits rise from £1.3bn to £4.7bn• But shares fall as shareholder losses hit £320m• 'True horrors of the HBOS acquisition can never be unwound,' says one analyst•...
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Eric Daniels leaves Lloyds still smarting from his HBOS gamble
Lloyds chief leaves at the end of a week in which the 2010 figures reveal continuing cost of his takeover of HBOSEric Daniels will have hoped that by now everybody would have stopped talking about the...
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Lloyds Banking Group profits rise but shares fall as chief Eric Daniels departs
• Shares drop 4.5% despite £2.2bn return to profit • Santander's Horta-Osorio takes over on TuesdayEric Daniels bowed out as chief executive of Lloyds Banking Group by announcing the first full-year...
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Lloyds' new boss to speed up asset sales
• António Horta-Osório launches strategic review of bank• Branch closures on hold but £3bn asset sale to go aheadLloyds Banking Group's new chief executive, António Horta-Osório, hit the ground running...
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Bankers face MPs over bonuses
The Commons Public Accounts Committee is taking evidence from RBS chief executive Stephen Hester and outgoing Lloyds Banking Group boss Eric DanielsTop bankers will be grilled by MPs on Wednesday amid...
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New Lloyds boss receives 'golden hello' worth £4.6m
Lloyds Banking Group annual report also shows that the bank is pumping up to 75% of his £1.06m salary into Horta-Osório's pension each yearLloyds Banking Group, one of the banks bailed out by the...
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Horta-Osório: a man the City can believe in. But can we?
Eric Daniels cut 28,000 jobs. Now his successor at Lloyds has announced another 15,000. Will customers go for it?Last year's obituaries of Sir Brian Pitman reminded us that the last truly successful...
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Lloyds chief Horta-Osório makes 'clean sweep' of executive board
Tim Tookey's departure completes a clearout of the executive team at bailed-out Lloyds Banking GroupAntónio Horta-Osório, chief executive of Lloyds Banking Group, has completed a "clean sweep" of the...
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Are banks heeding King's bonus call?
The Bank of England governor called for pay restraint while banks improve their capital cushions to cope with the eurozone crisis, but have they taken note?By the end of September 2011, the big three...
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Lloyds still chasing Daniels for bonus
As António Horta-Osório returns to his desk, it emerges that the board is still very keen to claw back the £1.45m bonus his predecessor was awarded before the bank was driven to a loss by PPIOne of the...
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Lloyds to seize back bonuses from 10 senior bankers
Decision by Lloyds Banking Group follows £3.2bn losses suffered by bailed-out bank after payouts were awardedLloyds Banking Group is to announce that it intends to "claw back" bonuses from as many as...
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Former Lloyds bosses miss out on £7m in bonuses
Former chief executive Eric Daniels has been denied almost £2.5m of bonuses in the past year as payouts continue to be clawed backEric Daniels, the former chief executive of Lloyds Banking Group, and...
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Former Lloyds boss defends PPI
Eric Daniels tells MPs on the banking standards commission that the majority of payment protection insurance products had been sold correctlyThe former boss of Lloyds Banking Group on Thursday has...
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Eric Daniels, former Lloyds Banking Group chief, hired by buyout firm
Private equity firm CVC appoints Eric Daniels as special consultant while Lloyds Bank's bill for mis-selling PPI hits £6.7bnEric Daniels, who as boss of Lloyds Banking Group presided over the HBOS...
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Lloyds bucks trend by clawing back £1.15m from former chief's bonus | Nils...
But it is strange that Lloyds didn't bother to set out the facts about the Eric Daniels clawback clearly for its shareholdersBanks have always been keen to shout about the clawback provisions in their...
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Lloyds pays 25 staff more than £1m as it presses on with job cuts
Admission on pay comes as Lloyds continues to target 45,000 job cuts and offers front-line staff below-inflation pay risesLloyds Banking Group infuriated unions by revealing it had paid 25 staff more...
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Eric Daniels leaves Lloyds still smarting from his HBOS gamble
Lloyds chief leaves at the end of a week in which the 2010 figures reveal continuing cost of his takeover of HBOSEric Daniels will have hoped that by now everybody would have stopped talking about the...
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