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Labour plans to refer banks to competition authorities

Labour plans to refer high street banks to the competition authorities immediately if elected in 2015, the party leader is expected to say in a speech on banking reform.

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How the 'Big Five' bank bonuses compare

RBS is reportedly seeking to invoke an EU rule that will allow it to double its cap for bonuses to senior staff if approved by shareholders.

Bonuses the 'Big Five' banks paid to staff in 2012:

  • Barclays - paid 428 staff more than £1 million (Source: Reuters)
  • HSBC - paid 204 of its staff more than £1 million (Source: The Guardian)
  • RBS - paid out £607 million in staff bonuses (Source: Reuters)
  • Lloyds Banking Group - paid £365 million (Source: Lloyds)
  • Santander - paid 19 of its bankers more than £1 million (Source: The Times)

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