Bonus payments to Barclays executives to be deferred

It has been announced recently that the High Street bank Barclays has decided that it will be deferring bonus payments that were to be made to banking executives for up to three years. This means that directors and senior staff at Barclays will have to wait up to three years to get their bonuses, which are likely to be paid in the form of shares that are staggered up until 2013. Read more

Tags: G20, barclays, bank bonuses, United Kingdom, bank executives

Banks shouldn’t be given such a hard time, says Mandelson

The Business Secretary, Lord Mandelson, has recently said to colleagues that the banking industry needs to be given a break, as banks are being given a hard time at the moment. He said that whilst banks had been given a ‘well deserved bloody nose’ but that people now needed to ease up on the banks because they needed them to succeed for the sake of the economy. Read more

Tags: key, royal, Lord Mandelson, banking crisis, huge bonus payouts, Bailout, irresponsible lending