Former bankers involved with Funding Circle include board members Bob Steel, CEO of Perella Weinberg Partners and the former vice chairman of Goldman Sachs, and Eric Daniels, the onetime head of Lloyds Banking Group Plc. Jerome Le Luel, the former risk analytics chief at Barclays Plc, is Funding Cir
Lloyds was the first of the major banks to cancel outstanding bonus awards to top executives, announcing in 2012 that it would reduce the bonus of former chief executive Eric Daniels after the scale of its payment protection insurance mis-selling became clear.
He was named chairman of Lloyds after the HBOS rescue, which led to the departure of Sir Victor Blank, who had chaired Lloyds during the 2008 crisis. In 2001, Bischoff replaced the Lloyds chief executive, Eric Daniels, with Horta-Osrio.
Date: May 13, 2013
Category: Business
Source: Google
Lloyds 2012 Income to Decline After Full-Year Profit Slumps
is 2011 bonus given the banks full-year loss and his nine-week absence for exhaustion last year. The banks former CEO, Eric Daniels, was stripped of 40 percent of his bonus last week, losing about 580,000 pounds worth of deferred stock, as he was penalized for the improper sale of insurance.
Date: Feb 24, 2012
Category: Business
Source: Google
Lloyds Forecasts Lower 2012 Profit After Wider-Than-Estimated Loss in 2011
urn his 2011 bonusgiven the banks full-year loss and his nine-week absence forexhaustion last year. The banks former CEO Eric Daniels wasstripped of 40 percent of his bonus last week, losing about580,000 pounds worth of deferred stock, as he was penalized forthe improper sale of insurance.
As previously announced, Horta-Osorio is not accepting a bonus for 2011, and the bank announced earlier that it is reducing deferred share payments for 13 past and present directors and executives, including former chief executive Eric Daniels, because of the payment protection insurance issue.
However, there were calls earlier this week for the Portuguese boss to repay some of his signing-on award after the lender decided to strip 13 directors, including former chief executive Eric Daniels, of about 2 million in bonuses.
2 million) applies to five former or current executive directors, including a former chief executive, and eight other managers. Eric Daniels, who left the bank as chief executive last year, would have to give up 40 percent of the share bonus he was awarded for 2010, or about 580,000, Lloyds said.
Date: Feb 20, 2012
Category: Business
Source: Google
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