Lloyds staff "will still get bonuses"
The chief executive of leading bank Lloyds TSB has told its staff that they will still get their bonuses this year, reported the Guardian on Tuesday.
City responds to Darling's bonus criticismThe paper says that Eric Daniels told employees in a recorded message that the group faced "very very few restrictions," despite the injection of up to 5.5 billion pounds of taxpayers' money.
The government last Monday agreed to inject up to 37 billion pounds in Royal Bank of Scotland, HBOS and Lloyds TSB in return for a mix of preference and ordinary shares, under certain conditions.
"If you think about it, the first restriction was not to pay bonuses. Well, Lloyds TSB is in fact going to pay bonuses. I think our staff have done a terrific job this year. There is no reason why we shouldn't," the paper cites Daniels as saying.
Lloyds, which is in the throes of taking over HBOS, could not immediately be reached for comment.
(Reporting by Ben Deighton, editing by Richard Chang)
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