Vincero dOro Posted March 10, 2012 Share Posted March 10, 2012 but mostly thats ******** to make people think its acceptable Apart from the fact that over a thousand of the top earners at Royal Bank of Scotland have quit over the issue and moved to better paid positions in other banks. This includes a mass walk out of more than a third of the staff on one day at one of RBS's investment banks. I'm sure that there are many who would say good riddance, but as an investment bank is worth very little without its key staff it probably explains why our RBS shares are currently worth half of what Gordon Brown paid for them on our behalf. Link to comment Share on other sites More sharing options...
Ms Macbeth Posted March 10, 2012 Share Posted March 10, 2012 I'm sitting in my living room, which has an 8x6 rug on the floor. That was bought with a banker's bonus in 1989. It took all of the £350 bonus, but it has proved to be money well spent. So the answer to your question is "They used to". But not very big ones. I got my one and only bonus in the early 90s. Loads of restructuring in our industry, which was creating huge stress and worry about jobs. I was just doing my job, but my boss thought I'd done way beyond my job description. I got a discretionary payment of £750. The gesture from that manager meant more than the money at the time. Link to comment Share on other sites More sharing options...
green Posted March 10, 2012 Share Posted March 10, 2012 Its worth reminding everybody, that these banks are insolvent, and the taxpayer is keeping them alive and thus paying these bonuses. Link to comment Share on other sites More sharing options...
oldprune Posted March 10, 2012 Share Posted March 10, 2012 Its worth reminding everybody, that these banks are insolvent, and the taxpayer is keeping them alive and thus paying these bonuses. You really should make an attempt to get a few of you bogus facts correct. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9107807/HSBC-profits-hit-14bn-as-emerging-markets-drive-growth.html HSBC profits hit £14bn as emerging markets drive growth HSBC reported a 15pc rise in pre-tax profits to $21.9bn (£14bn) for 2011 as the UK largest bank reported double-digit growth in its emerging market business, which offset a fall in earnings from investment banking. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9073645/Barclays-unveils-5.88bn-of-profits-as-bank-caps-bonuses.html Barclays unveils £5.88bn of profits as bank caps bonuses Barclays chief Bob Diamond admitted he needed to "win back trust" from the public on Friday as the bank unveiled almost £6bn of profits, while questions remained over whether he would take a bonus this year. Link to comment Share on other sites More sharing options...
green Posted March 10, 2012 Share Posted March 10, 2012 Its also worth reminding people why these bonuses were given out.... http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9135277/The-HBOS-horror-story-is-a-grim-read.html For every £6 HBOS lent out, they barely recovered £5. Great corporate governance from their leaders. Nice to see the FSA reporting a few facts.... some 4 years later! Link to comment Share on other sites More sharing options...
green Posted March 10, 2012 Share Posted March 10, 2012 You really should make an attempt to get a few of you bogus facts correct. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9107807/HSBC-profits-hit-14bn-as-emerging-markets-drive-growth.html HSBC profits hit £14bn as emerging markets drive growth HSBC reported a 15pc rise in pre-tax profits to $21.9bn (£14bn) for 2011 as the UK largest bank reported double-digit growth in its emerging market business, which offset a fall in earnings from investment banking. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9073645/Barclays-unveils-5.88bn-of-profits-as-bank-caps-bonuses.html Barclays unveils £5.88bn of profits as bank caps bonuses Barclays chief Bob Diamond admitted he needed to "win back trust" from the public on Friday as the bank unveiled almost £6bn of profits, while questions remained over whether he would take a bonus this year. Why do you think the banks feel the need to borrow billions from the EEC last month? Just in case they may need it perchance??? Link to comment Share on other sites More sharing options...
oldprune Posted March 10, 2012 Share Posted March 10, 2012 Why do you think the banks feel the need to borrow billions from the EEC last month? Just in case they may need it perchance??? They didn't Link to comment Share on other sites More sharing options...
green Posted March 10, 2012 Share Posted March 10, 2012 They didn't Why the continual lies? Barclays borrowed £8.2bn and HSBC £5.6 bn. http://www.bbc.co.uk/news/business-17237639 Link to comment Share on other sites More sharing options...
mapleboy Posted March 10, 2012 Share Posted March 10, 2012 When it comes to workers there are two types, permanent and agency/contract. The agency/contract eventually always get the bullet. Which, given the level of commitment of most of them, is entirely justified. Link to comment Share on other sites More sharing options...
ECCOnoob Posted March 10, 2012 Share Posted March 10, 2012 Why the continual lies? Barclays borrowed £8.2bn and HSBC £5.6 bn. http://www.bbc.co.uk/news/business-17237639 Even if they did - so what? Lots of businesses making a profit still take out loans. Even more so when the interest rates are so low - that's the best time to do it. I would take advantage of that too. Just becuase someone takes out a credit card doesn't automatically mean they are in financial difficulty. If they are offering a 0% or low interest offer or whatever it makes sense to take advantage of it. Its exactly the same with those banks. Link to comment Share on other sites More sharing options...
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