Lloyds TSB bank branch
Media playback is unsupported on your device

Lloyds Banking Group cuts back bosses' bonuses

Lloyds Banking Group has confirmed it is cutting £2m from bonuses paid to 13 executives, including the former chief executive Eric Daniels.

Mr Daniels will lose £580,000 after his original £1.45m bonus was cut by 40%.

Bonuses for another four directors will be cut by £190,000 to £260,000, while a further eight executives will receive about £100,000 less.

Robert Peston reports.

  • 20 Feb 2012