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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Lloyds accused of ‘stuffing bankers’ pockets’ as it proposes £9.1m CEO deal

Lloyds Bank logo on a branch in the City of London.
Lloyds’ bonus pot is the highest in four years, despite reporting flat profits. Photograph: Isabel Infantes/AFP/Getty

Lloyds Banking Group has been accused of “stuffing the pockets of already overpaid bankers” after proposing increases for top bosses that could result in a £9.1m payout for its chief executive, Charlie Nunn.

The bank revealed on Wednesday that staff would share a £446m bonus pot – the highest in four years – for their work in 2022, despite reporting flat annual profits, after an increase in the money put aside for a potential jump in defaults.

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