But I don't understand why you lot get paid a bonus every year just for doing your job. That's what the aggressive lady sitting next to me grumbled at a stultifying dinner party. After patiently explaining that I left the City three years ago I went on to try to justify the rationale for the banks' bonus system. I failed dismally... more
It is a pity, but probably inevitable, that Lloyds Banking Group chief executive Eric Daniels' retirement next year should be met with the question: "Did he go or was he pushed?"... more
Lloyds Banking Group smashes first-half profit expectations, sending City analysts scurrying to upgrade their full-year forecasts by as much as 50%... more
City Comment: Investors' readiness to come into the market without a safety net could be where the credit crunch finally recedes - so the Lloyds chief has reason to be cheergul... more
Lloyds boss Eric Daniels looked distinctly shifty when he did a poor impression of striding purposefully along the road, trying to avoid a BBC cameraman... more
I wish I had been a fly on the wall at this week’s discussions between Lloyds Banking Group chairman Sir Win Bischoff and its chief executive Eric Daniels over his bonus... more
City Comment: It was Manchester United versus Arsenal in 1999 that Sky used to launch “pressing the red button”. By the end of this decade we'll all be watching in 3D. ... more
One year ago today, the news broke that Lloyds TSB was going to take over HBOS in a £12.2 billion all-share deal. With the benefit of hindsight, it is still staggering to read the press release issued to the Stock Exchange the following morning, 18 September... more
Pressure was mounting on Lloyds Banking Group chief executive Eric Daniels, as regulators in Brussels consider forcing the part-nationalised bank to offload mortgage lender Halifax... more
It’s all well and good getting your Windows XL spreadsheet out and crunching the numbers for a Lloyds Banking Group rights issue and coming up with the answer that this all makes marvellous sense ... more
Stock-market investors chose to pause for breath and take profits in the wake of last week’s strong run, which carried leading share prices above the 4700 mark to their highest level since October last year... more
The shocking state of the HBOS finances was laid bare as its new owner Lloyds Banking Group racked up losses of nearly £4 billion after £13.4 billion of loans turned sour... more
Amid the continuing row over the pension package awarded to former RBS chief executive Sir Fred Goodwin, today's gloomy results from Lloyds Banking Group confirm the sector's unprecedented crisis... more
Banking: Lloyds Banking Group is thrashing out the terms of its state bail-out ahead of reporting dismal results tomorrow including almost £11 billion of losses at HBOS... more
Lloyds chief executive Eric Daniels said that he will not take a bonus for last year, a move that will pile pressure on senior staff at other banks to follow suit... more
Lloyds TSB has been accused of arrogance after telling staff they will get bonuses this year despite the government crackdown on rewards at banks receiving taxpayers' money... more
Banking: The City reacted coolly to Lloyds TSB’s rescue takeover of HBOS with several analysts questioning the strength of the so-called superbank’s balance sheet and ability to raise funds... more
Afternoon:
8°c
