- Charlie Nunn is taking over from António Horta-Osório sometime mid-year after working through his six-month HSBC notice period. Lloyds Bank is set to scrap bonuses for all of its employees after it saw profits plunge due to the pandemic. The decision was first reported by the FT. Image: Lloyds Banking Group, the … Lloyds Banking Group has told staff it will not pay out bonuses this year, after provisions against expected bad loans due to the COVID-19 pandemic dented its profits. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. HSBC Holdings also intends to hand Noel Quinn, its group chief executive, an annual bonus for 2020, according to people close to the bank. We are covered by the Financial Ombudsman Service (FOS). Lloyds Bank launches current account £100 switcher bonus 09 September 2020 Club Lloyds offers a choice of fantastic lifestyle benefits including movie streaming and magazine downloads, as well as exclusive offers on mortgages and savings Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). Mon 30 Nov 2020 07.48 EST. The Portuguese banker was tasked with bringing the bank back ... as well as a “lost opportunity” bonus to make up for bonuses lost at HSBC. Lloyds Banking Group has cancelled staff bonuses for 2020 after missing financial targets and recording a sharp drop in profits during the Covid crisis. [LONDON] Lloyds Banking Group is cancelling bonuses for all staff this year as the Covid-19 pandemic weighs heavily on its earnings. The decision to cancel bonuses for 2020 came as Lloyds is transitioning to a new CEO. Plus growth, cover and dividend yield. Insiders at the bank suggest that the bonus decision came from Horta-Osório, who wants to leave on a good note with investors. Lloyds Banking Group has cancelled staff bonuses for 2020 after missing financial targets and recording a sharp drop in profits during the Covid crisis.. (Bloomberg) -- Lloyds Banking Group Plc is canceling bonuses for all staff this year as the Covid-19 pandemic weighs heavily on its earnings. A spokesperson for the bank confirmed it will not pay out any group performance share awards in light of expected profitability in 2020. A spokesperson for the bank confirmed it will not pay out any group performance share awards in light of expected profitability in 2020. View Lloyds Banking Group plc (LLOY) Ordinary 10p (LLOY) dividend dates and history including final, interim and special dividends. 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