Boomed!!!

[Bagpuss]

http://www.telegraph.co.uk/finance/n...n-bonuses.html

As the Government prepares to curb the excessive bonus culture present in the City, both Barclays and Lloyds Banking Group are set to follow Royal Bank of Scotland by paying bonuses within weeks.

Lloyds, which has taken £17 billion in rescue money from the Government, is reportedly ready to give hundreds of millions of pounds to top executives and more junior staff.

Barclays, which reports its annual results on Monday, is believed to be planning even larger payouts.

According to the terms of its purchase of the North American division of collapsed bank Lehman Brothers, Barclays is due to pay $2.5 billion (£1.7 billion) in bonuses to Wall Street traders in the next few days.


All that taxpayers money will end up buying property, flash motors, drugs, hookers, Champagne, holidays etc, boosting the economy.

I feel sorry for the banksters who have to endure taking the taxpayers money and then having the hassle of all that shopping, just to help save the economy and jobs.

Obama has just announced a law in the US stopping bailed out banks paying more than 500k as a bonus.

[expat]

I thought barclays went to the arabs rather than the taxpayer just so they could maintain their ludicrous bonus system?

But Lloyds should be horesewhipped if they take bonuses

That's right. Barclays has not been bailed out by the taxpayer. Actually the Telegraph article didn't say that it had; it just included them with a list of banks that may pay bonuses, where all the other banks have been bailed out. Tarred by associated: bad journalism.

[thelace]

I thought barclays went to the arabs rather than the taxpayer just so they could maintain their ludicrous bonus system?

But Lloyds should be horesewhipped if they take bonuses

[DimPrawn]

http://www.telegraph.co.uk/finance/n...n-bonuses.html

As the Government prepares to curb the excessive bonus culture present in the City, both Barclays and Lloyds Banking Group are set to follow Royal Bank of Scotland by paying bonuses within weeks.

Lloyds, which has taken £17 billion in rescue money from the Government, is reportedly ready to give hundreds of millions of pounds to top executives and more junior staff.

Barclays, which reports its annual results on Monday, is believed to be planning even larger payouts.

According to the terms of its purchase of the North American division of collapsed bank Lehman Brothers, Barclays is due to pay $2.5 billion (£1.7 billion) in bonuses to Wall Street traders in the next few days.


All that taxpayers money will end up buying property, flash motors, drugs, hookers, Champagne, holidays etc, boosting the economy.

I feel sorry for the banksters who have to endure taking the taxpayers money and then having the hassle of all that shopping, just to help save the economy and jobs.