Page 11 - The Banks Article

Executives’ Remuneration Since the Crisis

Banking excesses may have been toned down since the
2008 financial crisis, with, for example, expense accounts

capped, but some bankers, are still able to command

exorbitant remuneration with as much as £20 million ($26.2
million) a year in salaries, bonuses, and stock awards.

In the decade since the financial crisis the UK’s biggest

banks paid their chief executives £177m.

• “HSBC doled out £64.8million to chief executives between

2007 and 2016 despite being branded a 'financier to drug

gangs'

• Barclays has given its heads £40.8million while they
presided over the Libor rate-rigging scandal

• Lloyds, which was rescued with £20.5billion of taxpayers'

money and was at the heart of the PPI mis-selling scandal,
handed out £47.1million.”(6)

Ten years on from the run on Northern Rock in 2007, some

bank chief executives are even being paid more now than
they were before the crisis.