Big Banks Agree to Rein in Bonuses and Boost Lending
Western Daily Press › February 10, 2011
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Summary
The UK's biggest banks yesterday agreed to rein in bonuses and lend Pounds 190 billion to businesses this year after hammering out a long-awaited deal with the Government.
Chancellor George Osborne unveiled details of a truce with Barclays, Royal Bank of Scotland, Lloyds Banking Group and HSBC which will see total bonus pots lower than last year, lending to small business increased and the pay of the highest paid executives published.See the full content of this document
Extract
Big Banks Agree to Rein in Bonuses and Boost Lending
He said Britain needed to move from "retribution to recovery" and called for an end to banker-bashing with the pledge, which ...
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