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Bonus waived

Lloyds chief executive Eric Daniels has become became second British bank chief in as many days to forgo a 2009 bonus.

He declined his full payout, which would have amounted to £2.3m (€2.6m), for the second year in a row. Mr Daniels receives an annual salary of £1m (€1.13m) from Lloyds, which is now more than 40pc-owned by the UK government.

Royal Bank of Scotland's chief executive, Stephen Hester, waived his bonus of £1.6m (€1.82m). Barclays chief executive, John Varley and president Robert Diamond have also given up their 2009 bonuses.


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