Finance Matters

When Finance Matters

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Posts Tagged ‘UKFI’

Lloyds chief set for bigger bonus

March 28th, 2010 | Author: Kay Murchie

Lloyds Banking Group has announced plans to award its chief executive, Eric Daniels, £2.85 million in shares.
However, the share incentive only comes to fruition if stock in the state-owned bank goes above the 114p mark in the next three years.
The award is in addition to his £1 million salary and the maximum £2.3 million [...]

Posted in Finance Matters | Tags: All Financial News, award, Banking News, bonus, Eric Daniels, incentive, Lloyds Banking Group, profitability, public anger, shares, state-owned, UKFI | Comments Closed

‘Bad banks’ of Rock and B&B to merge

March 24th, 2010 | Author: Kay Murchie

It has been announced today the ‘bad banks‘ of Northern Rock (NRAM) and Bradford and Bingley (B&B) are set to merge.
The move is designed to cut costs and bring greater returns for the taxpayer.
The UK Financial Investments (UKFI), the body which was set up at the height of the financial crisis to oversee taxpayers’ interests [...]

Posted in Finance Matters | Tags: All Financial News, B&B, bad banks, Banking News, Bradford and Bingley, cost effective, Northern Rock Asset Management, Northern Rock News, NRAM, returns, savings, split, taxpayer, UKFI | Comments Closed

RBS posts £3.6bn annual loss

February 25th, 2010 | Author: Kay Murchie

Royal Bank of Scotland (RBS), which is 84% state-owned, has today posted a full-year loss of £3.6 billion.
RBS is the second major UK bank to report its 2009 results. Last week, Barclays announced record profits of more than £11 billion – a 92% rise on the previous year.
However, RBS’ loss is not as bad as [...]

Posted in Finance Matters | Tags: All Financial News, analysts, Banking News, Barclays, bonuses, expectations, full year, less, Lloyds, losses, RBS, Royal Bank of Scotland, Stephen Hester, UKFI, waive | Comments Closed

Government approves £1.3bn RBS bonuses

February 24th, 2010 | Author: Kay Murchie

The UK Financial Investments Ltd (UKFI) has written to the Royal Bank of Scotland (RBS) to approve its £1.3 billion in bonuses to its investment bankers.
The Treasury, through the UKFI, had the right to veto any bonus deal after the bank participated in the Government’s Asset Protection Scheme (APS) – one of the conditions of [...]

Posted in Finance Matters | Tags: All Financial News, approval, Asset Protection Scheme, Banking News, bonuses, RBS, results, Royal Bank of Scotland, Stephen Hester, Treasury, UK Financial Investments, UKFI | Comments Closed