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Clegg begins to play Cable’s tune
Another setback for Vince Cable – this time over bank bonuses, writes our Political Editor. But there are signs that his party leader, Nick Clegg, is beginning to take on more of his tone in his Coalition comments.
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“The influence of the defence sector stretches far beyond those acknowledged military specialists and can be felt up and down the aisle of Mr Cameron’s jet.”
Barclays has reported a 3 per cent fall in profits last year to £5.9bn. The bank has also slashed the bonus pool for its investment banking arm amid mounting pressure over the payouts.
As Barclays reveals its profits Channel 4 News Business Correspondent Sarah Smith asks if, in this case, it is time to stop the popular pastime of banker bashing?
One holds the UK economy in his hands. The other’s role is even more important – at least if you ask some people. Channel 4 News checks the Top Trumps cards of Stephen Hester and Fabio Capello.
One day after RBS chief executive Stephen Hester is awarded a £930,00 bonus, it emerges Sir Philip Hampton, the bank’s chairman, is to turn down a share-based bonus worth £1.4m.
Politicians and unions have criticised as “out of touch” the £963,000 bonus package awarded to Royal Bank of Scotland boss Stephen Hester.
As Goldman Sachs reveals that staff earned £8bn in pay and bonuses in 2011, anti-capitalist protesters lose their court battle to occupy land outside St Paul’s cathedral in London.
Barclays first-half profit has fallen by a third after it was forced to set aside £1bn to compensate customers who were mis-sold insurance.
Royal Bank of Scotland Chief Executive Stephen Hester could get up to £4.5 million in shares, a sum Faisal Islam is going to be very awkward for the Government to justify.
The Chancellor agrees that Barclays bank did not pay enough tax last year, as protesters target more than 40 Barclays branches across Britain.
Banking giant Barclays reports pre-tax profits of £6.1bn for 2010 and reduces bonus payments, but former City boy Geraint Anderson tells Channel 4 News the system has not changed too much.
As Chancellor George Osborne announces that bank bonuses will fall this year, Channel 4 News looks in detail at the Government’s proposals.
The deal between the Government and the UK’s biggest banks on lending and bonuses, dubbed ‘Project Merlin’, could be announced today, sources close to the deal tell Channel 4 News.
Another setback for Vince Cable – this time over bank bonuses, writes our Political Editor. But there are signs that his party leader, Nick Clegg, is beginning to take on more of his tone in his Coalition comments.
Attending the Davos World Economic Forum, Conservative leader David Cameron knows that if he is elected, his country’s role in the world will be substantially different to that of his predecessors, blogs Faisal Islam.