Finance Links

Deutsche Bank paid Josef Ackermann, its chief executive, almost €10m (£9.04m)
last year as Germany’s biggest bank swung back to profit.

Government-owned bookmaker the Tote is set to go up for sale again.

HSBC was on Thursday rushing to contact all the wealthy clients of its Swiss
private bank after it admitted that data affecting 24,000 current and former
clients had been stolen.

British-based banks could be forced to disclose bonus payments of over
£500,000 under Government plans to toughen up its own legislation.

HSBC will pay Michael Geoghegan, chief executive, an extra £800,000 a year in “allowances”
and “benefits in kind” for moving family from London.

Peter Sands says contingent capital, a tool championed by the Bank of England
and the FSA to stave off another financial crisis, “is not a panacea”.

After days of heavy losses from UK banks, HSBC is expected to brighten the
mood in the London market.

Michael Geoghegan will be the first chief executive of one of the UK’s “big
five” banks to agree to accept a bonus.

Lloyds Banking Group has reported a £6.3bn loss on the back of ballooning bad
debts from its HBOS acquisition.

Running a bank is not what it used to be. Stephen Hester, the post-bailout
boss of Royal Bank of Scotland, has just sacrificed his bonus; he is on the
receiving end of continuous political flak; and he complains that the bank
is walking a “tightrope” on pay.