Barclays Plc, the U.K.’s second- largest bank by assets, may pay its top two executives share allowances as the European Union introduces limits on bonuses, according to a person with knowledge of the proposal.
Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio will receive a bonus valued at about 2.25 million pounds ($3.6 million) after meeting his target for increasing the bank’s share price today, according to a person with knowledge of the matter.
The pitch was enticing. At a time when the Standard & Poor’s 500 Index had suffered a decline of 41 percent in the previous three years, Morgan Stanley was offering its clients the possibility of some relief.
The U.K. financial regulator examined Britannia Building Society about three months before Co-Operative Bank Ltd.’s adviser studied the company ahead of its 2009 acquisition, a former chief executive officer said.