Will the bonus bubbly still flow as reality bites for British banks?
Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this weekThe fortunes of Britain’s biggest lenders may well be reflected by a mix of celebratory champagne and commiserative pints by next week, as bankers with an eye on their bonus assess the fallout from a patchy earnings season.Bosses of the UK largest lenders are due to kick off the annual reporting period from Thursday, but their financial performance – and any resulting bonuses – will be overshadowed by corporate shake-ups and job losses. Continue reading...
Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this week
The fortunes of Britain’s biggest lenders may well be reflected by a mix of celebratory champagne and commiserative pints by next week, as bankers with an eye on their bonus assess the fallout from a patchy earnings season.
Bosses of the UK largest lenders are due to kick off the annual reporting period from Thursday, but their financial performance – and any resulting bonuses – will be overshadowed by corporate shake-ups and job losses. Continue reading...
