British banks will unveil their first-half profits this week with the five biggest banks expected to reveal they are back in the black.
Banking giant HSBC will kick off the reporting season tomorrow, with Lloyds Banking Group and Standard Chartered announcing their results on Wednesday, Barclays on Thursday...
Posted to
Finance
on 08-01-2010
Filed under: All Financial News, lending, Banking News, results, BBA, British Bankers' Association, boost, bonuses, season, reporting, profitability, bank tax, Chancellor George Osborne, this week
It has emerged that big bonuses are to be awarded to Home Office staff despite the new coalition Government’s public spending cuts.
Speaking before the Commons home affairs committee, Damien Green, Immigration Minister, said the payments to senior officials would total almost £800,000 this year, compared...
Posted to
Finance
on 07-21-2010
Filed under: All Financial News, Debt News, public sector, bonuses, workers, Home Office, cuts, coalition Government, home affairs committee
Banks are being urged to show compassion when allocating bonuses this year – in light of the cost-cutting measures in the public and private sectors.
Financial Secretary to the Treasury, Mark Hoban, said banks need to be mindful during the forthcoming bonus season – at a time when pay restraints...
Posted to
Finance
on 07-13-2010
Filed under: All Financial News, Economy News, Banking News, Treasury, banks, tax, bonuses, cuts, Minister, restraint, Mark Hoban
From January next year, restrictions on bankers’ bonuses will take effect, the European Parliament has announced today.
Under the deal agreed by the EU members last month, cash bonuses will be capped at 30% of the total bonus. 60% of bonuses should be variable and for future payment only, with at least...
Posted to
Finance
on 07-07-2010
Filed under: All Financial News, Economy News, Banking News, cap, London, pay, financial crisis, EU, Hedge Funds, bonuses, performance, excessive, bankers, long-term, risk taking, linked, European Parliament