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Wednesday, January 12, 2011

Britain following America ... towards Bankers.


Lloyds' Eric Daniels in line for £2m bonus

Eric DanielsMr Daniels is stepping down as Lloyds boss in March
Lloyds Banking Group boss Eric Daniels is in line for a bonus of about £2m this year, the BBC has learned.
Mr Daniels, who steps down in March, has turned down a bonus in the past two years but will not do so again, sources told BBC business editor Robert Peston.
The government bailed out Lloyds after it took over HBOS in 2008, and still holds a 41% stake in the bank.
On Tuesday, Barclays boss Bob Diamond said he had not decided whether he would accept a bonus this year.

On top of the bonus, Mr Daniels could receive shares worth another £2m from a long-term incentive plan, according to our correspondent.
The announcement on the bonus will be made in February, he added.
The news of Mr Daniels' bonus came on the day that the Labour leader Ed Miliband accused Prime Minister David Cameron of "pathetic excuses" for breaking promises to limit bank bonuses.
BBC News  |  12 January 2010