Lloyds CEO Charlie Nunn latest banking boss in line for huge bonus hike

The Guardian - World NewsCenter-LeftEN 4 min read 100% complete by Kalyeena Makortoff Banking correspondentJanuary 11, 2026 at 08:00 AM

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Lloyds CEO Charlie Nunn may receive a maximum annual pay package exceeding £13 million due to the UK's decision to lift the cap on banker bonuses. Lloyds' remuneration committee is drafting a new pay policy that takes advantage of the looser rules, potentially increasing Nunn's maximum pay by 45% from £9.1m. This follows similar moves by Barclays, HSBC, and NatWest to increase their CEOs' potential earnings. The bonus cap, introduced in 2014 to curb risky behavior, was removed in 2022 to make the City more attractive to financial firms. Critics argued the cap led to inflated salaries and reduced banks' control over pay.

Key Entities & Roles

Key Player Opposition Context

Kwasi Kwarteng 40% Paul Thwaite 50% Georges Elhedery 50% NatWest Group 60% CS Venkatakrishnan ×260% HSBC 60% UK 70% Barclays ×270% Lloyds Banking Group 80% Charlie Nunn ×390%

Keywords

banker bonuses 100% executive pay 90% bonus cap 80% pay policy 70% lloyds banking group 60% charlie nunn 60% risk taking 50% financial performance 50% uk regulators 40% shareholder vote 40%

Sentiment Analysis

Negative

Score: -0.30

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Source

The Guardian - World News

Political Lean

Center-Left (-0.40)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

United Kingdom

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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banker bonuses executive pay bonus cap pay policy lloyds banking group charlie nunn risk taking financial performance uk regulators shareholder vote

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