lloyds bosses defend massive bonuses

Remember Lloyds, the bank we bailed out, us the mere, lowly taxpayers? Well, they’ve forgotten all about us – the staff have shared a 395 million bonus payout, with the big boss receiving a meager 1.7 million to sweeten his tea. 

Funny thing is the bank’s looking at a 10 billion bill for mis-selling PPI and they reported a yearly loss of 802 million after tax. On top of that they received a 28 million fine from the Financial Conduct Authority last year for the ‘champagne bonus culture’ that exists in the organisation.

So, nice one Lloyds, NICE ONE.

For more cheery reading, check out the Guardian’s coverage.