Banks have been warned by the financial watchdog that this yeara��s bonuses should reflect the recent scandals that have rocked the banking industry. According to The Financial Times, Andrew Bailey of the Financial Services Authority wrote to banksa�� chief executives in October, saying that bonuses should be forfeited or reduced for those involved in payment […]
Michael Cohrs, a member of the Bank of Englanda��s new financial policy committee (FPC) has warned of the danger of another financial crisis unless the a�?toxic culturea�� inside banks is eradicated. Changes should include a reform of banksa�� bonus systems, he said. The FPC was established to regulate UK banks, but Mr Cohrs suggested that […]
Royal Bank of Scotland made a loss of nearly A?2 billion last year but still paid out A?785 million in bonuses to staff, including A?390 million to investment bankers. The average bonus per group employee was A?5,346, but the banka��s 17,0000 investment bankers received an average bonus of A?22,941. Bankersa�� bonuses have come under intense […]
Speaking to the BBC after the Royal Bank of Scotlanda��s chief executive announced his decision to forgo his bonus this year, the government has said that it will not block bonuses to the banka��s other executives. RBS chief executive Stephen Hester was awarded A?963,000 in shares but following pressure from public opinion and MPs he […]
Lloyds Banking Group has decided to withdraw Halifax and Bank of Scotland charity credit cards at the end of February because it doesna��t consider them a cost-effective way of donating to charity. The bank has been issuing charity credit cards for over 23 years and they have raised millions of pounds for charities such as […]
By 2015 bank customers will use digital banking more than they use branches according to a�?The New Digital Tipping Pointa�� report from PricewaterhouseCoopers. The survey, of 3000 people in nine countries, suggests that customers are willing to pay up to A?10 a month for online banking if they receive convenience and added-value services. These could […]
The new coalition Government is to introduce measures that will see an end to “unfair” bank charges, as well as excessive interest rates on credit cards. The measures, part of new policies that are being introduced by the Con-Lib Government, comes after a legal battle between the banks and the Office of Fair Trading, which […]
FTSE 100 chief executives have still received sharp increases in their salaries despite the recession, according to pay analysts, Incomes Data Services (IDS). Over the last 12 months, the top bosses at the top 100 companies saw average salary rises of 7.4% – many times the rate of inflation. However, IDS said bonuses have fallen […]
According to the Centre for Economics and Business Research (CEBR), City bankers will receive an estimated A?6 billion in bonuses for this year, compared with A?4 billion for 2008. The estimate comes despite public outrage against bonuses after a year of multi-billion pound bailouts within the banking sector. However, the CEBR did point out that […]
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To succeed at your online business (whether you >> can advertise your unique product/service and/or selling with respect to other vendors as an affiliate), you need a Web design should be just for that – an easy, focused site. One that is straightforward to build, maintenance-free, low cost, credible, and a powerful traffic-builder and customer-converter. […]
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The 8 ‘Must Do’ Rules For Successful Website Developement
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The 8 ‘Must Do’ Rules For Successful Website Developement
To succeed at your online business (whether you >> can advertise your personal product/service or are selling just for other stores as an affiliate), you require a Web design must be just for that – a simple, focused site. One that is not hard to build, maintenance-free, low cost, credible, and a powerful traffic-builder and […]
The Eight ‘Must Do’ Actions For Successful Website Design
To succeed at your online business (whether you >> can sell your private product/service and/or selling for the purpose of other sellers as a great affiliate), you need a Web design should be just for that – a basic, focused site. One that is not hard to build, maintenance-free, low cost, reliable, and a powerful […]
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