Wednesday August 04, 2010
Lending to businesses must come before bonuses, banks are warned
Jill Treanor
The Guardian
Barclays to set aside 40% of investment banking income for bonuses and Lloyds Bank anticipates profits of £1bn against losses of £4bn last year
Banks were warned last night that paying out big bonuses to their staff and large dividends to shareholders must not come at the expense of increasing lending to businesses and bolstering their capital bases.
read full story
Posted in: by bubblejam at 04:40 AM | Comments (0) | Email This Entry