All the updated news related to bonuses

All the news related to bonuses updated in real time

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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 billion US dollars (£2 billion) in 2020,...

22 Feb 2022 at 09:55

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 revealed ...

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 in 2020 ...

23 Feb 2022 at 08:55

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 told MPs on the Treasury Select ...

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 ...

24 Jun 2022 at 00:30

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 shows ...

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 annual ...

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. ...

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 ...

18 Jan 2023 at 16:51

City

Water firms set for tougher rules on bonuses for top bosses

Water companies are facing tougher rules on bonuses for top bosses under plans outlined by the industry watchdog to ensure payouts are only made when environmental and customer service targets are met. Ofwat said its ...

30 Mar 2023 at 11:42

Minister announces Post Office probe over unapproved bonuses linked to Horizon

The Post Office is facing a second investigation after its chief executive and other senior officers were paid unapproved bonuses relating to the Horizon IT scandal inquiry. Business minister Kevin Hollinrake ...

10 May 2023 at 14:36

City

Which water companies are in financial trouble – and which paid out bonuses?

A swathe of water companies have been stopped from using customer money to pay bonuses to bosses this year. Ofwat said it halted about three-quarters of the total bonuses proposed by firms from being funded ...

21 Nov 2024 at 13:28

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