UK banks will come under increasing pressure from City investors to cut or even waive their top executives’ bonuses in the next few weeks as they prepare their final results for 2011.
Royal Bank of Scotland’s chairman Sir Philip Hampton and chief executive Stephen Hester’s decision over the weekend to forgo bonuses of 1.4 million and 963,000 respectively has pushed the public and political focus onto Barclays and HSBC.
Despite the fact that neither bank was bailed out in the financial crisis, investors are understood to be keen they at least show restraint this bonus season.
Online shoe seller Zappos.com says a hacker may have accessed the personal information of up to 24 million customers.
