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Banks' day of shame: Still won't lend to small firms...but three fat cats pocket £42m
Barclays chief Bob Diamond could receive £27m in pay, bonuses, shares and other benefits
A trio of top bankers are being lined up for pay packages worth a total of £42million.
On a ‘day of shame’ for banks, a flurry of disclosures from the City revealed the jackpot awards for the bosses of Barclays and state-backed Lloyds and RBS.
At Barclays, no fewer than 238 individuals will pocket at least £1million in bonuses.
The figures emerged as Business Secretary Vince Cable prepared to warn that Britain’s economic recovery will be ‘throttled’ unless the banks start lending to small businesses again.
He will use his speech at the Lib Dem spring conference in Gateshead today to say that firms are being scuppered by the banks who are failing to lend.
Read more: http://www.thisismoney.co.uk/money/n...#ixzz1oiKy6cQc