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| Version 2 | Version 3 |
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| Lloyds boss will not take bonus | Lloyds boss will not take bonus |
| (about 2 hours later) | |
| Lloyds Bank chief executive Eric Daniels will tell the Treasury Committee that he will not take his 2008 bonus, the BBC has learned. | Lloyds Bank chief executive Eric Daniels will tell the Treasury Committee that he will not take his 2008 bonus, the BBC has learned. |
| The BBC's business editor Robert Peston says Mr Daniels could have been entitled to a bonus in excess of £2m. | The BBC's business editor Robert Peston says Mr Daniels could have been entitled to a bonus in excess of £2m. |
| Executive pay has come under fire after reports Royal Bank of Scotland was considering paying bonuses, despite being bailed out by the taxpayer. | Executive pay has come under fire after reports Royal Bank of Scotland was considering paying bonuses, despite being bailed out by the taxpayer. |
| Lloyds has said it is still planning to pay bonuses to executive directors. | Lloyds has said it is still planning to pay bonuses to executive directors. |
| The group claimed it had performed better than its peers. | The group claimed it had performed better than its peers. |
| Personal decision FROM THE TODAY PROGRAMME More from Today programmeFormer banking bosses say 'sorry' | Personal decision FROM THE TODAY PROGRAMME More from Today programmeFormer banking bosses say 'sorry' |
| Mr Daniels was paid almost £2.9m in 2007, including bonus and benefits. | Mr Daniels was paid almost £2.9m in 2007, including bonus and benefits. |
| Hi decision to waive his bonus is a personal one and does not represent policy by the Lloyds Banking Group board, according to our business editor. | Hi decision to waive his bonus is a personal one and does not represent policy by the Lloyds Banking Group board, according to our business editor. |
| No decisions have been taken regarding the bonus entitlements for the five other executive directors. | No decisions have been taken regarding the bonus entitlements for the five other executive directors. |
| Mr Daniels and other bank bosses are set to be questioned later in the second day of an inquiry into the banks' role in the financial crisis. | Mr Daniels and other bank bosses are set to be questioned later in the second day of an inquiry into the banks' role in the financial crisis. |
| See how much bank bosses earned in 2007 | See how much bank bosses earned in 2007 |
| He will appear before the committee, together with Barclays chief executive John Varley, RBS chief executive Stephen Hester, Abbey chief executive Antonio Horta-Osorio and HSBC's UK managing director Paul Thurston. | He will appear before the committee, together with Barclays chief executive John Varley, RBS chief executive Stephen Hester, Abbey chief executive Antonio Horta-Osorio and HSBC's UK managing director Paul Thurston. |
| Bonuses to 'tumble' JOHN VARLEY Chief executive, Barclays, 52Salary: £2.4m, including bonus and benefits (2007)Has been with the bank since 1982 Bank bonuses to 'tumble in 2009' | Bonuses to 'tumble' JOHN VARLEY Chief executive, Barclays, 52Salary: £2.4m, including bonus and benefits (2007)Has been with the bank since 1982 Bank bonuses to 'tumble in 2009' |
| A report by the Centre for Economics and Business Research (CEBR) says bankers' bonuses in the UK are likely to be down 70% from their peak in 2007. | A report by the Centre for Economics and Business Research (CEBR) says bankers' bonuses in the UK are likely to be down 70% from their peak in 2007. |
| The CEBR forecasts that even in 2012, bonuses will be only back to 48% of their 2007 peak levels. | The CEBR forecasts that even in 2012, bonuses will be only back to 48% of their 2007 peak levels. |
| The CEBR said increased competition and tougher regulatory control could help tackle the problem of excessive fees and pay. | The CEBR said increased competition and tougher regulatory control could help tackle the problem of excessive fees and pay. |
| 'Sorry' | 'Sorry' |
| On Tuesday, ex-bosses of RBS and HBOS apologised for their banks' failure. | On Tuesday, ex-bosses of RBS and HBOS apologised for their banks' failure. |
| STEPHEN HESTER Chief executive, Royal Bank of Scotland, 47Salary: £1.2m, no bonus (2008)Joined RBS in October 2008 from British Land The former bank chiefs also said the bonus culture had contributed to the crisis and needed to be reviewed. | |
| Former Royal Bank of Scotland chief executive Sir Fred Goodwin told MPs on the Treasury Committee he "could not be more sorry" for what had happened. | Former Royal Bank of Scotland chief executive Sir Fred Goodwin told MPs on the Treasury Committee he "could not be more sorry" for what had happened. |
| But on the issue on remuneration, Sir Fred said if bankers felt they were not paid enough, they would leave. | But on the issue on remuneration, Sir Fred said if bankers felt they were not paid enough, they would leave. |
| Protest | Protest |
| Former deputy prime minister John Prescott will also present a petition, signed by 13,000 people, to the Treasury Committee, demanding RBS pay no bonuses to its bankers and traders. | Former deputy prime minister John Prescott will also present a petition, signed by 13,000 people, to the Treasury Committee, demanding RBS pay no bonuses to its bankers and traders. |
| Mr Prescott has also written an open letter to RBS chief executive Stephen Hester, calling for him to stop the bonus payout. | Mr Prescott has also written an open letter to RBS chief executive Stephen Hester, calling for him to stop the bonus payout. |
| In the letter, he calls the decision even to consider paying £1bn in bonuses after the bank posted a loss of £28bn "both morally and economically outrageous". | In the letter, he calls the decision even to consider paying £1bn in bonuses after the bank posted a loss of £28bn "both morally and economically outrageous". |
| The Prime Minister has already signalled his anger at proposed bank bonuses. | The Prime Minister has already signalled his anger at proposed bank bonuses. |
| Gordon Brown said on Monday that executives should "consider whether they actually receive" bonuses, even if they we legally entitled to them. | Gordon Brown said on Monday that executives should "consider whether they actually receive" bonuses, even if they we legally entitled to them. |
Bosses' pay at UK banks receiving government support | Bosses' pay at UK banks receiving government support |
|  Position Total pay (including bonuses) 2007 RBS   Sir Tom McKillop Chairman £750,000 Sir Fred Goodwin Group chief executive £4,190,000 Johnny Cameron Chairman, global markets £3,256,000    HBOS   Lord Stevenson Chairman £821,000 Andy Hornby Chief executive £1,926,000 Peter Cummings Chief executive, corporate division £2,606,000    Lloyds TSB   Sir Victor Blank Chairman £661,000 J Eric Daniels Group chief executive £2,884,000 Terri Dial Group executive director £1,995,000    Bradford & Bingley   Rod Kent Chairman £265,000 Steven Crawshaw Group chief executive £1,112,548 Chris Wilford Group finance director £700,572    Northern Rock   Matt Ridley Chairman £223,000 Adam Applegarth Chief executive £785,000 David Baker Deputy chief executive £476,000 |  Position Total pay (including bonuses) 2007 RBS   Sir Tom McKillop Chairman £750,000 Sir Fred Goodwin Group chief executive £4,190,000 Johnny Cameron Chairman, global markets £3,256,000    HBOS   Lord Stevenson Chairman £821,000 Andy Hornby Chief executive £1,926,000 Peter Cummings Chief executive, corporate division £2,606,000    Lloyds TSB   Sir Victor Blank Chairman £661,000 J Eric Daniels Group chief executive £2,884,000 Terri Dial Group executive director £1,995,000    Bradford & Bingley   Rod Kent Chairman £265,000 Steven Crawshaw Group chief executive £1,112,548 Chris Wilford Group finance director £700,572    Northern Rock   Matt Ridley Chairman £223,000 Adam Applegarth Chief executive £785,000 David Baker Deputy chief executive £476,000 |
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