song for the bankers....... ( Archived) (9)

Show of Hands - Arrogance Ignorance And Greed (AIG)

This lot need sending to prison imo........ some profit OK, but this is just disgusting.


"Barclays hands out £1.5bn in cash bonuses as bank's profits soar by 92% to record £11.6bn

By Tim Shipman and Niall Firth

Bankers at Barclays were handed a bumper payout of £1.5 billion in cash bonuses last year as the bonus pool doubled and the bank posted record annual profits, it was announced today.

The banking giant posted eye-watering profits of £11.6 billion for 2009 this morning- up a massive 92 per cent on last year.

These figures were buoyed by its investment banking arm, BarCap, where top investment bankers shared a bonus and pay pool of £4.5bn, almost double the previous year.

Just 23,000 of the firm's top investment bankers shared a bumper payout of £2.1 billion in bonuses with the average BarCap employee receiving a £95,000 payout.
Barclays investment bankers

Payout: Barclays investment bankers received an average £191,000 each after the bank announced record profits

But while Barclays' results were good news for its bankers, they come as a survey showed that fat cat bankers are still refusing to give small businesses the help they need.

Business bosses are so starved of cash that they have been forced to borrow on their credit cards because banks are still refusing to lend them money.

Six out of ten firms were still being turned down for bank loans last year, according to a survey by the Institute of Directors.

Meanwhile another survey found that credit card rates are at 12-year high despite the interest rates being at a historic low.

The average interest charged on a credit card has soared to 18.8 per cent - the highest level since 1998. Some consumers now paying more than 40 per cent on the cash they have borrowed.

This morning official statistics showed that inflation rose to 3.5 per cent in January, well above the Bank's 2 per cent target.

Across the group as a whole, Barclays paid out £2.7 billion in bonuses - £1.5 billion in cash bonuses and £1.2 billion in long-term awards vesting over three years.

Almost three-quarters of these payouts were made in shares.

Thank you! As Thalassa said, the B needs to be replaced with a W

Oh its my absolute pleasure! Thanks for acknowledging it

I think most of the time its brain dead rather than tolerant

The corruption is rampant and they take our minds off it with tales of daring do against the bloody Taliban or scandals in the church while they literally get away with murder.

for instance;