One of the most controversial issues in recent years is that of the huge bonuses that banks pay to their top executives.
The row flared again when the top high street banks started to announce their half year figures recently. Our two publicly owned banks continued to report losses and billions of pounds being paid out for successful PPI claims while still paying huge bonuses to the banks’ bosses.
Should bonuses be capped or are they fair?
Banks should not be allowed to avoid the new EC cap on bonus payments to top executives.
This is just another example of the banks looking at the rules and then trying to find a way to avoid them being applied to their business.
Their salary should be enough payment for the job they do.
Top bankers are already on top salaries, so why should they be paid extra for the work which they should be doing anyway?
Bonuses should only be paid once the banks stop losing money and get back in the black
If a business is losing money it makes no sense to pay the people running it extra on top of their salary. Bonuses should only be paid once the balance sheet comes out of the red.
But what do you think? Which side of the fence are you on?Please vote below and leave your own comment.
Banks are entitled to award shares to anyone they think merits them
Banks need to make sure they reward their top executives appropriately or run the risk of losing them to anyone offering a better deal.
Top executives running huge businesses earn their extra bonuses
The officials receiving the bonuses work in a very high pressure environment, handling finance on an international scale. They should be rewarded.
Those getting the bonuses are not the same people who caused the banking crash
Banks have been working very hard to get things back on an even keel after the financial crash of 2008 and most of their top personnel are new people brought in to spearhead the effort.
Gladstone Brookes have joined Warrington Wolves Foundation in taking their Disability Awareness project into Warrington’s schools.
Stage 2 of the scheme involves GB staff delivering the awareness training they underwent themselves to the wider community.
Lloyds Bank is still topping the FOS PPI complaints chart with 36,954 of the 40,500 total complaints against the bank in the second half of 2013 relating to mis-sold PPI.
Bank Of Scotland, also a member of Lloyds Banking Group (LBG), was the second most complained about bank with 35,500 PPI complaints out of a total of 39,134.
Kelly Archbold hands over the cheque to Grace Higgins from Macmillan Cancer Support
Cancer – the very word strikes fear into the heart.
The statistics say one in three of us will get cancer of some kind in our lives. An increasing number of us will survive, but many of us won’t.
The government’s flagship Help To Buy scheme is being credited with boosting mortgage acceptances to their highest monthly level for seven years.
Almost 2,000 new customers bought a new build home using the scheme last month, bringing the overall total of Help To Buy sales to 14,823 since the scheme was launched last April. There are also a further 4,666 transactions in the pipeline awaiting legal completion.
Royal Bank Of Scotland (RBS) has announced losses of £8.2 billion in the last financial year, but also risked a storm of protest over its decision to pay over £½ billion in bonuses to its staff.
Speaking after the bank announced six straight years of losses since they were bailed out by the British taxpayer in 2008, deputy Prime Minister Nick Clegg was scathing in his criticism.
Kathryn and Phil deliver the training with Danny
Our Disability Awareness training scheme stepped up a level when Kathryn Bennett and Phil Bell took an active part in the training of a team of Sainsburys’ staff at the Halliwell Jones Stadium.
Both Kathryn and Phil had already been through the initial training with Danny O’Brien from the Wolves Charitable Foundation along with more than 100 of their colleagues.
Royal Bank Of Scotland boss Ross McEwan has tried to reassure worried staff over rumours of job cuts of at least 20,000 over the next few years.
The bank will be publishing the results of its strategic review later this week and it is anticipated they will be withdrawing from a number of international markets.