Banks to get bonuses

bankAs the government / general public have bailed out the banks. It is proposed that the banks will pay bonuses. So not only have the banks been run badly, they have gambled with our money (and lost) and had massive financial support from you and me, know their want to give bonuses out. I think this is unacceptable, if a bank gives out any bonuses than the government should with hold any further funding for any bank.

But if its the lower payed bank workers that get the bonuses than good , but when the bonuses go higher up in the banking system. Bonuses should only be awarded for hard and good work, so why are bonuses proposed to people that have directly gambled with our money, been bailed out by the government. 

Maybe now is the time to only have one or two banks, one privaltyly owned and other goverment owned. I now where I'd put my money. 

 

 

Lloyds defends staff bonus plan

Lloyds insists it is right to offer financial

rewards to staff who hit targets

Lloyds insists it is right to offer financial rewards to staff who hit targets Lloyds Banking Group has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m.

Its subsidiary HBOS - bought with government backing last year - is to record a loss of nearly £11bn, raising concerns it may need more state help.

But Lloyds, already 43% taxpayer-owned, said its employees deserved "financial recognition" for hitting targets.

Shadow business secretary Ken Clarke has accused ministers of overseeing a "shotgun marriage" of the two banks.

In most cases staff bonuses would amount to £1,000 or less for employees earning about £17,000 per year, the bank said. The report comes amid speculation that the government - which has already poured £17bn into the group - may be forced to take a majority stake in Lloyds, or even nationalise it.

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