Alan Zoff Posted February 5, 2009 Share Posted February 5, 2009 No need for us to have a whip round for starving bankers then:http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5663873.ece?&EMC-Bltn=JLTA6A Link to comment Share on other sites More sharing options...
baypond Posted February 5, 2009 Share Posted February 5, 2009 I think the real hit on renumeration will be for 2009 and for many years thereafter. In the US they also decided that retrospective application of limits on pay is impossible where bonuses have already been paid. Incedently, I find it interesting that the press has not caught on to the biggest issue affecting UK tax payers, and that is the fact that UK banks have been badly burnt on their investments in US subprime, and also in the £23 billion pound write by RBS on their purchase of ABN. So while I can understand the obsession with compensation, I can't understand that no one has noticed that UK tax payer money is being pumped in to UK banks because of losses abroad. IE UK taxpayer is paying money that the US or European tax payers would have had to pay if it wasnt owned by a foreign bank. Link to comment Share on other sites More sharing options...
Dog Posted February 5, 2009 Share Posted February 5, 2009 Not just subprime, prime 1 and 2 are now going petong. Link to comment Share on other sites More sharing options...
Alan Zoff Posted February 6, 2009 Author Share Posted February 6, 2009 Why do pigs and troughs come to mind?:http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5672126.ece?&EMC-Bltn=MOD36A Link to comment Share on other sites More sharing options...
Frederick Posted February 6, 2009 Share Posted February 6, 2009 As Michael Portillo said on TV the other night ...If the bonus is not given they are hardly likely to leave.... nobody is hireing " Link to comment Share on other sites More sharing options...
odile Posted February 6, 2009 Share Posted February 6, 2009 Yeah - let them go! Link to comment Share on other sites More sharing options...
Scooby Posted February 6, 2009 Share Posted February 6, 2009 [quote user="Dog"]Not just subprime, prime 1 and 2 are now going petong.[/quote]Not for us! Link to comment Share on other sites More sharing options...
Ron Avery Posted February 6, 2009 Share Posted February 6, 2009 One thing continues to puzzles me with this "taxpayers" or OUR money thing that notably ITN news likes to trot out, like " the banks are being bailed out with OUR money". When I paid income tax in the UK, I thought that the taxes I paid became the Government's money, to spend on whatever it liked, buying aircraft carriers, building hospitals, bailing out banks or giving aid to poor countries.If its OUR money, then by ITN's definition, cannot you just ask for it back if you don't like what its being used for? If not then how can it be OUR (or taxpayers') money? Link to comment Share on other sites More sharing options...
Chief Posted February 9, 2009 Share Posted February 9, 2009 [quote user="Frederick"]As Michael Portillo said on TV the other night ...If the bonus is not given they are hardly likely to leave.... nobody is hireing "[/quote]A contract is a contract. They have to pay. The Govt missed a trick by not making it a condition of investment that bonuses were reviewed in light of the financial failure of the bank, and that any govt investment would be conditional upon a satisfactory outturn from such a review. I think the bankers would have got the message. :-) Link to comment Share on other sites More sharing options...
Alan Zoff Posted February 10, 2009 Author Share Posted February 10, 2009 The government missing a trick. What, super-Gordon's government? Surely not. Link to comment Share on other sites More sharing options...
Pierre ZFP Posted February 10, 2009 Share Posted February 10, 2009 Adopt a Banker With the effects of low low low pay us bankers are getting now is the time for us to show the world just how much we care. It's just not right. Hundreds of bankers in your very own country are living at or just below the six-figure income level! As if that weren't bad enough, they will be deprived of pay for several weeks - possibly a whole year - as a result of termination of their contract. But now you can help! For about five hundred pounds a day - that's less than the cost of a large screen projection TV - you can help a banker remain economically viable during his time of need. Five hundred pounds a day may not seem like a lot of money to you, but to a banker it could mean a holiday spent golfing in Florida or a Mediterranean cruise. For you, five hundred pounds is nothing more than a months rent or mortgage payments. But to a banker, five hundred pounds a day will almost replace his pay. Your commitment of five hundred pounds a day will enable a banker to buy that home entertainment centre, trade in the year-old Ferrari for a new TVR, or enjoy a weekend in Rio. "HOW WILL I KNOW I'M HELPING?" Each month, you will receive a complete financial report on the banker you sponsor. Detailed information about his stocks, bonds,houses, and other investment holdings will be mailed to your home. You'll also get information on how he plans to invest any spare cash he doesn't manage to spend. Plus on signing up for this program, you will receive a photo of the banker Put the photo on your refrigerator to remind you of other peoples' suffering. "HOW WILL HE KNOW I'M HELPING?" Your banker will be told that he has a SPECIAL FRIEND who just wants to help in a time of need. Although the banker won't know your name, he will be able to make collect calls to your home via a special operator in case additional funds are needed for unexpected expenses. Simply fill out the form below: YES, I want to help! I would like to sponsor a redundant banker My preference is checked below: [ ] Team Leader*** [ ] Systems Analyst** [ ] Development Specialist [ ] Systems Engineer* [ ] Operations Specialist [ ] Test Engineer [ ] I'll sponsor a banker most in need. Please select one for me. * Higher cost ** Much higher cost *** Please call to ask for the cost of a specific team Please charge the account listed below 500 pounds per day for a Systems Analyst or Development Specialist for the next 3 months. Please send me a picture of the banker I have sponsored. [ ] MasterCard [ ] Visa [ ] American Express [ ] Diner's Club Your Name: __________________________ Telephone Number: __________________________ Card Number: __________________________ Exp Date: _________ Signature: __________________________ Mail completed form to any major banker agency or call 0800-TOOMUCH now to enrol by phone. (Children under 18 must have parental approval) Note: Sponsors are not permitted to contact the banker they have sponsored, either in person or by other means including, but not limited to, telephone calls, letters, e-mail, or third parties. Keep in mind that the banker you have sponsored will be much too busy enjoying his free time, thanks to your generous donations. Contributions are not tax-deductible. Link to comment Share on other sites More sharing options...
Benjamin Posted February 17, 2009 Share Posted February 17, 2009 Well at least they've been forced to tone it all down. [6]http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=329776&re=4759&ea=161021 Link to comment Share on other sites More sharing options...
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