Lloyds chief paid £4.6m golden hello - Papers

The bank's annual report shows he was paid £4.1m in shares and £516,000 in cash for giving up awards at Santander, the Independent reports. This is on top of a long-term share payment of £4.5m and his basic salary of £1.06m, supplemented by payments into his pension, of which £600,000 a year can be taken as a cash allowance. Read more here BarCap: Portugal short of cash to meet debt payments Portugal has insisted it can cope with looming debt repayments, despite predictions from analysts it does not have enough money to meet its obligations. The nation faces around €9bn (£7.9b...