Sants pledges to waive bonus - papers

However, bonuses will still be paid to the financial watchdog's other staff. The news comes in the wake of fury about the high remuneration for bankers in spite of the losses incurred by their shareholders. Lloyds has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m, when its HBOS arm is set to record a loss of more than £10bn, raising concerns it may need more state help. "We are going to be paying bonuses," Lord Turner, chairman of the regulator, said in a BBC interview. "Hector Sants told me on Friday that he personally does not want to take...