All the updated news related to bonuses

All the news related to bonuses updated in real time

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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 controversial decision will ...

23 Sept 2022 at 12:56

Bonuses in the City ‘at record high’

Bonuses in the City are at a record high and rising six times faster than wages, research suggests. The TUC said its analysis of official data shows bonuses in the financial and insurance sector increased by 27.9% over the last year, compared ...

06 Jun 2022 at 01:01

City

Barclays freezes £22m share bonuses for former boss amid Epstein links probe

Barclays has frozen £22 million of bonus share awards made to former boss Jes Staley amid an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report revealed ...

23 Feb 2022 at 11:25

City

Barclays freezes former boss’s share bonuses amid Epstein links probe

Barclays has frozen millions of pounds in bonus share awards made to former boss Jes Staley amid an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report ...

23 Feb 2022 at 09:25

City

Barclays annual profits more than double to £8.4bn

Barclays has revealed pre-tax profits soared to £8.4 billion in 2021 as it released cash set aside for pandemic loan losses and notched up record investment banking earnings. The banking giant more than doubled profits from £3.1 billion ...

23 Feb 2022 at 08:55

City

Banker bonuses in the spotlight as Barclays and Lloyds to reveal profits leap

A bumper profit haul is expected when lending giants Barclays and Lloyds Banking Group report their annual figures, with big bonuses set to make a come back as the sector rebounds from the pandemic. New bosses at both Barclays and ...

18 Feb 2022 at 13:25

City

Sainsbury’s hands boss £3.8m pay and bonus package

Sainsbury’s has revealed its boss landed a £3.8 million pay and bonus package as the supermarket already faces anger over big payouts to investors while customers struggle in the cost-of-living crisis. The chain’s annual report ...

06 Jun 2022 at 17:06

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 ...

15 Sept 2022 at 10:46

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 ...

15 Sept 2022 at 11:57

City

HSBC pays out £2.6bn in bonuses as profits more than double

Banking giant HSBC has handed out a mammoth 3.5 billion US dollars (£2.6 billion) in bonuses as it revealed annual profits more than doubled. The group hiked its staff bonus pool by nearly a third, up from 2.7 ...

22 Feb 2022 at 09:55

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 ...

23 Feb 2022 at 12:25

Three water company bosses decline bonuses

Three water company bosses have decided to give up their bonuses this year following public anger over sewage pollution in Britain’s rivers. Chief executives Nicola Shaw of Yorkshire Water, Sarah Bentley of ...

09 May 2023 at 12:21

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