BBC: Prime Minister David Cameron has called on banks to pay smaller bonuses this year.
Speaking on the BBC's Andrew Marr show he said banks should be more "socially responsible".
The Royal Bank of Scotland (RBS), which is majority-owned by the taxpayer, should not be "leading the way" on bonuses but should be a "back marker", he said.
However "micro-managing" the banks was not the answer, he added. >>> | Sunday, January 09, 2011
* Cameron talking baloney! He’ll never do anything about bankers and their despicable, excessive bonuses. He is weak and cowardly. – © Mark
DAILY EXPRESS: BRITAIN’S bailed-out banks sparked outrage last night as it emerged they are about to pay £7billion in bonuses.
The nation’s five largest – Royal Bank of Scotland, HSBC, Barclays, Lloyds TSB and Standard Chartered – are on the verge of issuing bumper payouts to staff.
Barclays is expected to lavish £2.5billion in bonuses while taxpayer-owned RBS is thought to be considering a bonus pool of over £1billion.
Signalling a return to pre-recession payout levels while ordinary families suffer, a think-tank estimates City bonuses for 2010 at £7billion.
Last night banks were accused of failing to change their “culture of greed and excess”. RBS – which is 84 per cent state-owned after a £45billion taxpayer bailout – is said to be considering a £6.8million package for chief executive Stephen Hester.
After foregoing a £1.6million bonus last year, Mr Hester, who admits even his parents think he is paid too much, is expected to accept the windfall. >>> Martin Brown | Monday, January 10, 2011
