All the updated news related to bankers bonuses

All the news related to bankers bonuses updated in real time

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Bank of England boss tells banks to use ‘restraint’ on bonuses

Bank of England boss Andrew Bailey has called on banks to use restraint on bonuses to help keep inflation down as he warned the “least well off” will be hit hardest by the cost-of-living crisis. The governor told MPs on the Treasury Select Committee ...

23 Feb 2022 at 12:25

Johnson denies planning to end curbs on bosses’ pay and bank bonuses

Boris Johnson has insisted he is not planning to ease restrictions on bosses’ pay or lift the cap on bankers’ bonuses as millions feel the strain of the cost-of-living crisis. The Prime Minister also said it remains “the plan” to raise corporation ...

24 Jun 2022 at 00:30

Kwarteng considering removing cap on bankers’ bonuses as part of City shake-up

Treasury ‘considering removing cap on bankers’ bonuses as part of City shake-up’

Chancellor Kwasi Kwarteng is considering scrapping the cap on bankers’ bonuses, under a post-Brexit overhaul of City rules. The cap introduced by European Union legislation in the wake of the 2008 financial crisis limits annual pay-outs to twice ...

15 Sept 2022 at 10:46

National News

Lifting restrictions on banking ‘bonanza pay and bonuses’ slammed as ‘galling’

The decision to lift restrictions on “bonanza pay and bonuses” for staff at three banks bailed out by the Irish State is “galling” given the tracker mortgage scandal and the cost-of-living crisis, the Dail has been told. Roisin Shortall said ...

01 Dec 2022 at 21:33

City

Bankers’ bonuses will drop to reflect performance, JP Morgan chief says

The European boss of banking giant JP Morgan has said that its bankers’ bonuses will fall after a worse performance across the investment bank last year. Viswas Raghavan, the chief executive of Europe, Middle East and Africa (EMEA), also ...

18 Jan 2023 at 16:51

Kwasi Kwarteng criticised for considering axing cap on bankers’ bonuses

Chancellor Kwasi Kwarteng has come under fire for considering scrapping the cap on bankers’ bonuses, as millions struggle during the cost-of-living crisis. Unions and economists were among those criticising the timing of the proposal to ...

15 Sept 2022 at 11:57

City

HSBC fields anger from pensioners amid plans to scrap bankers’ bonus cap

HSBC shareholders have approved the removal of a limit on bankers’ bonuses, as top bosses fielded anger from pensioners for clawing back parts of their payments. A vote on the decision was held during the banking giant’s annual general ...

03 May 2024 at 13:45

Labour rules out reinstating cap on bankers’ bonuses

City

Shadow chancellor rules out reinstating cap on bankers’ bonuses

Labour would not reinstate a cap on bonuses for bankers if the party wins the general election, the shadow chancellor has said. Rachel Reeves said she instead wants to be a “champion” of the financial services sector as she bids to ...

31 Jan 2024 at 14:41

City

Barclays lifts cap on bonuses for bankers in UK

Barclays has changed its pay policy to allow its top bankers outside of the European Union (EU) the chance to earn up to 10 times their base salary in bonuses. The move will include the UK bank, after financial regulators last ...

12 Aug 2024 at 09:33

Limiting bonuses for bankers was ‘damaging’ to UK growth, Bank deputy says

Bank of England deputy governor Sam Woods has said the bankers’ bonus cap was “damaging” for the UK and the move to scrap it has been recognised by major international banks. Mr Woods also said it would be “straightforwardly ...

17 Oct 2024 at 21:00

City

Axing bankers’ bonus cap could fuel pre-2008 greed culture, lawyers say

The Chancellor’s decision to axe the cap on bankers’ bonuses has been met with backlash amid fears it will see the return of a “culture of greed” in the City as Britons suffer from a deepening cost-of-living crisis. The ...

23 Sept 2022 at 12:56

Rachel Reeves defends decision to allow unlimited bonuses for bankers

Shadow chancellor Rachel Reeves has insisted stronger rules are in place to prevent risky behaviour in the City as she defended her decision to allow unlimited bonuses for bankers. Labour’s holder of the purse strings ...

01 Feb 2024 at 17:14

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