The chief executive of Lloyds, Antonio Horta-Osrio, will waive his 2011 bonus, after his recent return from a leave of absence and as pressure mounts on banks over large pay packets, The Wall Street Journal is reporting.
As of 12:11pm shares of Lloyds are rising by 2.83% to the 29.98p mark.
AB
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues free
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
