Menu
20/02/2012
Lloyds Claws Back £2m Of Executives' Bonuses
Lloyds Banking Group is set to take back bonuses worth £2m from 10 executives.
These include the former chief executive Eric Daniels and four board directors.
Mr Daniels may lose between 40% and 50% of a £1.45m bonus/between £600,000 and £700,000, board directors are expected have about £250,000 taken from them and below board level executives around £100,000 each.
The move is a results of the executives role in mis-selling of payment protection insurance (PPI).
Lloyds Banking Group, who owns the Halifax, the Bank of Scotland and the Cheltenham and Gloucester, is the UK's biggest lender and is the first British bank to take back bonuses following a worse-than-expected financial performance.
On Friday the bank will publish their results. A loss of about £3.5bn is expected.
(GK)
These include the former chief executive Eric Daniels and four board directors.
Mr Daniels may lose between 40% and 50% of a £1.45m bonus/between £600,000 and £700,000, board directors are expected have about £250,000 taken from them and below board level executives around £100,000 each.
The move is a results of the executives role in mis-selling of payment protection insurance (PPI).
Lloyds Banking Group, who owns the Halifax, the Bank of Scotland and the Cheltenham and Gloucester, is the UK's biggest lender and is the first British bank to take back bonuses following a worse-than-expected financial performance.
On Friday the bank will publish their results. A loss of about £3.5bn is expected.
(GK)
Related UK National News Stories
Click here for the latest headlines.
28 July 2014
FCA Fines Lloyds Banking Group £105m
Lloyds Banking Group has been fined £105m for serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR).
FCA Fines Lloyds Banking Group £105m
Lloyds Banking Group has been fined £105m for serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR).
27 May 2014
TSB Flotation Announced By Lloyds Bank
Lloyds Banking Group has said it is to float a 25% stake in its TSB business on the London stock market. The sale will take place next month and ordinary investors will have an opportunity to purchase shares. These ordinary investors will be rewarded with free shared for longer-term investments, it is understood.
TSB Flotation Announced By Lloyds Bank
Lloyds Banking Group has said it is to float a 25% stake in its TSB business on the London stock market. The sale will take place next month and ordinary investors will have an opportunity to purchase shares. These ordinary investors will be rewarded with free shared for longer-term investments, it is understood.
06 March 2014
Shell Wants Scotland In The UK
Ben van Beurden, the Chief Executive of the oil company Shell has said he would like Scotland to remain part of the UK. In a meeting in London he said he valued the "continuity and stability: of the UK and affirmed that the company had studied the possibilities and reached the conclusion, which was supported in the UK and UE.
Shell Wants Scotland In The UK
Ben van Beurden, the Chief Executive of the oil company Shell has said he would like Scotland to remain part of the UK. In a meeting in London he said he valued the "continuity and stability: of the UK and affirmed that the company had studied the possibilities and reached the conclusion, which was supported in the UK and UE.
05 July 2012
Survey Shows 1% Rise In House Prices
A new survey has revealed that UK house prices rose by 1% in June compared with the previous month, but remained lower than a year earlier. The UK housing market has been relatively stagnant in recent times owing to nervousness about the economy. The Halifax, now part of the Lloyds Banking Group, said that the price of the average home was 0.
Survey Shows 1% Rise In House Prices
A new survey has revealed that UK house prices rose by 1% in June compared with the previous month, but remained lower than a year earlier. The UK housing market has been relatively stagnant in recent times owing to nervousness about the economy. The Halifax, now part of the Lloyds Banking Group, said that the price of the average home was 0.
13 January 2012
Lloyds Banking Group Chief Executive Declines Annual Bonus
António Horta-Osório, Lloyds Banking Group Chief Executive, has informed the bank's board that he does not wish to be considered for an annual bonus for 2011. António Horta-Osório, Group Chief Executive, said: "I joined Lloyds Banking Group to rebuild the pride in the bank.
Lloyds Banking Group Chief Executive Declines Annual Bonus
António Horta-Osório, Lloyds Banking Group Chief Executive, has informed the bank's board that he does not wish to be considered for an annual bonus for 2011. António Horta-Osório, Group Chief Executive, said: "I joined Lloyds Banking Group to rebuild the pride in the bank.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
