Posts Tagged ‘Cash Bonuses’
Cap on Cash Bonuses at Lloyds and RBS Has a Major Loophole
Saturday, March 5, 2011 11:19 No CommentsA tough negotiation between banks and the British government seemed to yield a victory for bonus-bashing politicians: Employees of two partly nationalized banks would be limited to upfront cash bonuses of GBP 2000 in 2011.
What the government didn’t announce was that many employees of the two banks–RBS Group PLC and Lloyds Banking Group PLC, will [...]
