Lloyds CEO Charlie Nunn latest banking boss in line for huge bonus hike
by Kalyeena Makortoff Banking correspondent from on (#72R2T)
Barclays, HSBC and NatWest shareholders already approved big pay rises after post Brexit loosening of remuneration rules
Lloyds Banking Group boss, Charlie Nunn, could be in line for a maximum annual pay packet worth more than 13m, as he becomes the latest boss to benefit from the UK's controversial decision to lift a cap on banker bonuses.
The bank's remuneration committee has begun drafting a new three-year executive pay policy that, for the first time, will take advantage of looser pay rules that have sent potential payouts soaring at rival banks.
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