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The strikes
by kim
Online Investing
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Neither the FSA nor Lloyds would comment further on the investigation.
RBS, though, is more troubled than Lloyds and has had no option but to put £282bn of its toxic loans into the insurance scheme, taking the taxpayers' stake to 84% from 70% through a £25.5bn injection of funds with a further £8bn kept in reserve should the economy deteriorate.
The state of RBS's finances prompted the City minister, Lord Myners, to describe the bank when run by its previous management – led by Sir Fred Goodwin – as "the worst managed bank this country has ever seen". As Goodwin's replacement, Stephen Hester, warned that the new bonus strictures would make his bankers easy prey for rivals, Myners said big pay deals were no longer justifiable.
"The chief executives of the banks have been very supportive. Some of these people in banking need to 'get it' at some point – that the levels of remuneration that helped create this situation … are just no longer justifiable," said Myners.
Hester said his bonus – now deferred for three years – was not relevant. "I have to be clear that I am doing it for the sense of accomplishment," he said.
Eric Daniels, his counterpart at Lloyds Banking Group, stressed his bank was not an investment bank paying out "telephone number-style" bonuses and that cash bonuses would be paid to staff on salaries below £39,000.
Myners urged shareholders in other banks to clamp down on pay. "I would encourage institutional investors to see this as a model to press," he said.
Amid the row about the cost and necessity of the bailout, Alistair Darling insisted that the new terms of the APS were a better deal for taxpayers. The chancellor said: "We are now able to achieve our objectives on financial stability and banking reform at a lower overall cost to the taxpayer."
Hester said the taxpayer would get its investment back at a profit and the government should not nationalise the bank entirely or it would end up like Royal Mail. "You can do the maths on how many schools and hospitals you would get" when the money is paid back, he said.
The strikes at Royal Mail could affect the mass mailing of hefty documents that Lloyds needs to send out to its more than 2 million private shareholders. Demonstrating the mixed fortunes of the banks, Lloyds shares were the biggest risers in the FTSE 100, gaining 2.7% to 87p, while RBS was the biggest faller, losing 7% to 35.9p.
Many investors find it more efficient to trade and manage their portfolios online. This requires a fair amount of education and research. Through our Online Investing section, we offer investors everything from the basics to the latest financial tools.
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Analyst Info - This page shows graphical representations of a company's Consensus Recommendation, Detailed Analyst Recommendation, 12 Month Price Target Range, Earnings Surprise, Momentum (4 Weeks), Detailed Estimates Submitted, Earnings Growth, Price/Earnings, Consensus Earnings Forecasts and PEG Ratio.
Online Investing Articles
Diversification, Planners, and Brokers
Of course you want your investments to grow. Here are some tips on diversification, choosing a broker and choosing a financial planner.
Before you can invest for the future, you need to have money put aside for the present. Don't be forced to liquidate some investments when an emergency arises. Build an emergency fund of three to six months' living expenses, and you'll be giving your online investments the best possible chance to grow.
Online Investing Basics
Investing in Stock
Equities have been the road to wealth for many investors, but selecting the right ones for your portfolio is a difficult process. Chasing after the latest hot tip is no better than taping a newspaper stock page to a dartboard and throwing a dart. Take time to do some homework. This article is a good place to start in your search for unbiased advice for investing online..
About the Online Investing Page:
Neither the FSA nor Lloyds would comment further on the investigation.
RBS, though, is more troubled than Lloyds and has had no option but to put £282bn of its toxic loans into the insurance scheme, taking the taxpayers' stake to 84% from 70% through a £25.5bn injection of funds with a further £8bn kept in reserve should the economy deteriorate.
The state of RBS's finances prompted the City minister, Lord Myners, to describe the bank when run by its previous management – led by Sir Fred Goodwin – as "the worst managed bank this country has ever seen". As Goodwin's replacement, Stephen Hester, warned that the new bonus strictures would make his bankers easy prey for rivals, Myners said big pay deals were no longer justifiable.
"The chief executives of the banks have been very supportive. Some of these people in banking need to 'get it' at some point – that the levels of remuneration that helped create this situation … are just no longer justifiable," said Myners.
Hester said his bonus – now deferred for three years – was not relevant. "I have to be clear that I am doing it for the sense of accomplishment," he said.
Eric Daniels, his counterpart at Lloyds Banking Group, stressed his bank was not an investment bank paying out "telephone number-style" bonuses and that cash bonuses would be paid to staff on salaries below £39,000.
Myners urged shareholders in other banks to clamp down on pay. "I would encourage institutional investors to see this as a model to press," he said.
Amid the row about the cost and necessity of the bailout, Alistair Darling insisted that the new terms of the APS were a better deal for taxpayers. The chancellor said: "We are now able to achieve our objectives on financial stability and banking reform at a lower overall cost to the taxpayer."
Hester said the taxpayer would get its investment back at a profit and the government should not nationalise the bank entirely or it would end up like Royal Mail. "You can do the maths on how many schools and hospitals you would get" when the money is paid back, he said.
The strikes at Royal Mail could affect the mass mailing of hefty documents that Lloyds needs to send out to its more than 2 million private shareholders. Demonstrating the mixed fortunes of the banks, Lloyds shares were the biggest risers in the FTSE 100, gaining 2.7% to 87p, while RBS was the biggest faller, losing 7% to 35.9p.
Many investors find it more efficient to trade and manage their portfolios online. This requires a fair amount of education and research. Through our Online Investing section, we offer investors everything from the basics to the latest financial tools.
Investor Resource of the Week
Analyst Info - This page shows graphical representations of a company's Consensus Recommendation, Detailed Analyst Recommendation, 12 Month Price Target Range, Earnings Surprise, Momentum (4 Weeks), Detailed Estimates Submitted, Earnings Growth, Price/Earnings, Consensus Earnings Forecasts and PEG Ratio.
Online Investing Articles
Diversification, Planners, and Brokers
Of course you want your investments to grow. Here are some tips on diversification, choosing a broker and choosing a financial planner.
Before you can invest for the future, you need to have money put aside for the present. Don't be forced to liquidate some investments when an emergency arises. Build an emergency fund of three to six months' living expenses, and you'll be giving your online investments the best possible chance to grow.
Online Investing Basics
Investing in Stock
Equities have been the road to wealth for many investors, but selecting the right ones for your portfolio is a difficult process. Chasing after the latest hot tip is no better than taping a newspaper stock page to a dartboard and throwing a dart. Take time to do some homework. This article is a good place to start in your search for unbiased advice for investing online..