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To clarify: TSB has given a "monthly average number of employees" of about 8,198 in its annual report. However, this isn't a year-end figure so won't accurately reflect job cuts that have taken place so far...or exactly how many will get the TSB bonus award
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Sorry for the typo: as much as*
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TSB CEO Debbie Crosbie earned £1.4m last year, including a £184k bonus and a £480k ‘joining award’. Her pay was pro-rata (due to joining in May) but TSB assures she will earn as ex-boss Paul Pester, who took home nearly £1.8m in 2017
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TSB execs bonuses were also revived in the form of the aptly named “New Award”, despite a cost cutting drive meant to save around £100m over 3yrs. Around 200 senior managers and execs will share £7.6m. Execs waived their bonuses last year due to the IT meltdown
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But it’s hard to know exactly how many staff will get a bonus because TSB won't reveal total headcount. That's despite revealing 400 job cuts and 86 branch closures in November. (We understand at least 100 jobs have gone from head office too, but TSB has not confirmed those)
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Few things to note from TSB's annual results: Bonuses are back and around 7,000 staff will share a pool worth £17.7m. Those who qualify will get a payout worth about 8.6% of their basic salary
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Also interesting: while the City was home to 233,890 businesses, most are quite small. Just 280 companies accounted for 50% of the City's jobs
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And those workers are predominantly white. Only 28% of City jobs were held by people of black, Asian or minority ethnic backgrounds
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The latest City of London Corp stats show City jobs made up 10% of London's workforce in 2018. That's around 522,000 people...though only 36% were womenpic.twitter.com/NylqarkmPn
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More than 350,000 customers missold loans by Wonga will receive just 4.3p for ever £1 they are owed Meanwhile, Grant Thornton will pocket £3m for its work on the administrationhttps://www.theguardian.com/business/2020/jan/30/wonga-claimants-to-get-just-43-payout-for-mis-sold-loans …
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Greenpeace hits out at Davos-attending bank CEOs for $1.4tn climate hypocrisyhttps://www.theguardian.com/business/2020/jan/20/greenpeace-hits-out-at-davos-banks-for-14tn-climate-hypocrisy …
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Strong words from Ryanair boss Michael O'Leary who's accusing the UK govt of a cover up over the Flybe deal. He's threatening to launch legal action in Brussels & Britain in 7 days if demands aren't methttps://www.theguardian.com/business/2020/jan/17/government-accused-of-covering-up-true-terms-of-flybe-rescue-deal-ryanair-michael-oleary …
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Kalyeena Makortoff proslijedio/la je Tweet
Barclays is cutting about 100 senior jobs across its investment bank in latest round of
#WallStreet misery. https://www.bloomberg.com/news/articles/2020-01-16/barclays-is-cutting-about-100-senior-jobs-at-investment-bank …@businessHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Another 310 jobs are going at Lloyds Banking Group. Even with 210 new and relocated roles, at least 100 staff are facing the axe,
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Working at the ONS sounds like a hoothttps://twitter.com/BruceReuters/status/1217495132511113226 …
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Vladimir Putin has proposed changes to Russia’s constitution that would limit the power of a potential successor if he steps down in 2024 https://www.theguardian.com/world/2020/jan/15/putin-calls-for-constitution-changes-that-would-weaken-successor … via
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Kalyeena Makortoff proslijedio/la je Tweet
Breaking: The Gambling Commission has this morning confirmed our story on the ban on credit card betting plus implementation of GamStop self-exclusion scheme.https://www.theguardian.com/business/2020/jan/12/gambling-watchdog-plans-ban-online-credit-card-bets?CMP=Share_AndroidApp_Tweet …
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Exclusive: Lloyds has warned 60,000 staff and top execs to brace for their first bonus cut in 4 yearshttps://www.theguardian.com/business/2020/jan/12/lloyds-banking-group-warns-staff-to-expect-first-bonus-cut-in-four-years …
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Kalyeena Makortoff proslijedio/la je Tweet
He’s referring to a news story about cancer death rates declining between 1991 and 2017. Attributed to things like a melanoma drug approved in 2011 and decreased smoking rates over decades.https://twitter.com/realDonaldTrump/status/1215287261606051844 …
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Fact: Covering court for 4+ hours without coffee is the number one killer of journalistic energy. Look it up
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