Barclays plans bonus wait – answers
true/false
- This video shows the centre of British banking in London. T: ‘the heart’
- Banking leaders are feeling confident. F: they are feeling ‘uneasy’
- Some money-men in the banking world are tough and unemotional. T: ‘hard-nosed’
- The government is sensitive to the issue of bank bonuses. F: it is the public who are sensitive to this
- The banking sector pushed the country to crisis point. T: ‘financial apocalypse’
- Barclays has agreed to suspend bonuses this year. F: they are deferring payment i.e. will pay later
- Some employees will receive 50% of their bonus in 2010. T: those at lower grades
- Barclays will do this this year only. F: there is provision in their contracts to do this, it isn’t a ‘one-off’
- These measures should ease negative public opinion. F: it isn’t certain that it will ‘appease’ public opinion
- Public opinion is very strong regarding the bank profits made in 2009. T: described as ‘obscene’
- Goldman-Sachs will limit their bonus pot to £1m for all employees in the UK. F: for UK partners only
- European leaders want to change the banking system. F: Barack Obama wants to change the US banking system