Another week of Banking to come...

As if plenty of people are not bored with banks already, after last Friday's Lloyds/HBOS announcement there is more to come this week. Paul Moore has more which might undermine Gordon Brown further, if that is possible and speculation like this, on RBS will continue.

The last couple of weeks was interesting as the short sellers cleared out of the UK banks and the share prices recovered somewhat. It will be interesting to see if they dive back in on the Lloyds/HBOS news of whether the risk of nationalisation keeps the stocks too toxic even for short-selling.

And then there is the bonus row, which surely can't last much more of the media cycle as it is getting very tedious now...

'Public Bank Bonus'

Alistair Darling was on the Andrew Marr show this morning, making it clear that the Government is going to have a quiet word with Stephen Hester about the RBS bank bonus's. The Labour tribe are in full swing in demanding that no money be paid out. The BBC mischievously says RBS is about to pay out £1 billion in bonus's for a bank that has lost £28 billion this year.

George Osborne was quite clear to say on the show too that senior management should not get the money this year.

This is a difficult piece of populism to avoid. No one who has lost their job due to recession brought on by the banks is going to be happy with people making six figure and more sums of money.

Now that RBS and LLoyds have such chunks of state ownership the politicians can get their fingers dirty just as they love too.

The easy answer surely is too defer money to be paid when the banks is back in profit, even perhaps to pay in shares that will only be worth anything if the banks are not fully nationalised and instead are sold back to the public sector.

This is the solution, I wonder why the politicians don't want to mention this and just concentrate on pure populist stands?