Lloyds Bank looks after shareholders and staff – but savers are left short

The real losers from these latest results are the savers who have just cause to feel unhappy about their treatment against a backdrop of rising interest rates

Is Britain’s biggest retail bank getting the balance right? (PA Archive)

Banker bonuses are back, not that they ever really went away. There are three certainties in life: death, taxes and bankers getting paid.

Lloyds is not a big player in this game when compared to the likes of Barclays or HSBC but it still produced a chunky £446m – the biggest bonus pool in four years and an increase of 11 per cent over last year. So of course there was a fuss given that profits were flat at £6.9bn and savers, in particular, have been feeling short-changed as interest rates have headed off into the stratosphere.

Britain’s biggest retail bank, which also owns Scottish Widows, has multiple stakeholders which raises a question – is it getting the balance right?