banking editor

三级成人视频Santander's UK boss Nathan Bostock has joined the chief executives of Britain's other major banks in donating a chunk of his salary to charity as the economy is ravaged by the lockdown.

Mr Bostock is the last head of a so-called big five lender to take action on his pay, following announcements earlier this week by HSBC, Lloyds, Barclays and Natwest owner Royal Bank of Scotland.

Mr Bostock will donate £1m of his total pay packet to a virus fund launched by the bank's Spanish parent firm. Last year he earned £4.3m.

三级成人视频The country's largest lenders have come under heavy pressure from shareholders to take action on pay after axing £7.5bn of dividends. The Investment Association has said that firms which cut their pay-outs should consider cutting bosses' earnings too. 

HSBC, Lloyds and RBS have all axed their bosses' bonuses in addition to the charitable donations. Santander UK and Barclays have yet to make a statement on bonuses for 2020, with both expected to announce a decision later in the year.

It would be surprising if either Mr Bostock or Barclays chief Jes Staley - who is currently being investigated by the City watchdog over his ties to Jeffrey Epstein三级成人视频 - receive bonuses this year considering the Bank of England last week urged lenders not to pay them to senior staff.  

Ian Gordon, a banks analyst at Investec, said that although politicians have an "obsessive focus on bonuses" Barclays will likely evade pressure at this point given the charitable donations from its two top executives.

三级成人视频Mr Staley and finance head Tushar Morzaria are giving a third of their salaries to charity for the next six months.

The bosses of the nation's so-called big four banks were paid £19.6m between them in 2019. Smaller UK banks including TSB and the Co-operative Bank have also this week scrapped executive bonuses for 2020.