Wednesday, 17 January 2018

Britain‎'s biggest retail bank Lloyds keeps cash bonus cap despite return to private ownership

Britain‎'s biggest retail bank is to retain a £2,000 cap on cash bonuses even after being freed from the shackles of partial state ownership last year.
Sky News has learnt that Lloyds Banking Group is expected to continue with the limit on ‎cash payouts, nearly a decade after it was imposed by the then-Labour government.
The decision, which is provisional and remains subject to change, reflects a desire within Lloyds' boardroom to demonstrate restraint on staff pay against a backdrop of improved financial performance, according to insiders.

"There are no plans to change it," said one insider.

SKY       News.