More than half of Britain's bankers expect to see substantial rises in their bonus payouts this year, according to a survey by eFinancialCareers, the City recruitment agency.
Nearly a fifth think their payments will increase by a fifth or more, while half of UK-based bankers expect to receive at least half their payments in cash, despite calls from regulators and politicians for bonuses to be paid largely in shares, and deferred.
The firm warned that if bankers' expectations are realised there will be a political storm, writes the Independent.
Banks' small firm fund slammed as a ‘drop in the ocean'
A proposal by the big banks to set up a £500m fund to finance small business has come under fire as an inadequate response.
The bosses of the big six banks are to meet business secretary Vince Cable and chancellor George Osborne on Wednesday to present their idea, writes the Guardian.
The six banks - bailed-out Royal Bank of Scotland and Lloyds Banking Group along with Spanish-owned Santander, Barclays, HSBC and Standard Chartered - will each pledge to contribute £50m-£100m but will ask the government to match their contributions with taxpayers' cash.
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