Lloyds Banking Group has been forced to reveal that up to nine of its employees earned more than the £3.4m paid to chief executive Eric Daniels.
The admission by Lloyds came as pressure mounted on the FSA to provide more information about the numbers of bankers earning more than £1m across the six leading UK banks, reports the Guardian. Andrew Tyrie, chairman of the Treasury Select Committee of MPs, made the demand yesterday in a letter to FSA chief executive Hector Sants, to enable the committee to be certain that remuneration deals for bankers are aligned with the risks being taken by shareholders. He urged Sants to aggregate the information across each of the banks, rather than provide pay details on an individual basis. ...
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