P502 Teletext 502 Oct11 21:50:01         —————————————————————————————  BANK OFFER SPARKS NEW PAY ROW The row over executive pay awards has reignited over a lavish "golden handcuffs" package giving 120 bankers the chance to earn £2m each. The offer, one of the most generous in City banking history, has been made to Nat est investment bankers. NatWest pays high street branch staff between £10,000 and £13,000 and has made 20,000 redundant in five years. ——————————————————————————————————1/2—— Financial headlines 500 City index 501 HAVE YOU SEEN FAMILY FINANCE? p540 Next CityIndex Shares Family Finance
P502 Teletext 502 Oct11 21:50:11         —————————————————————————————  UNION ANGER OVER BANK PAY DEAL Unions have expressed dismay at the payment of massive sums to selected Nat'est staff while thousands of employees faced redundancy. The Banking Insurance and Finance Union said the payouts were an "insult" to the 20,000 staff made redundant. The NatWest Staff Association's Rory Murphy said: "Staff could go berserk. It's a question of morality." ——————————————————————————————————2/2—— Financial headlines 500 City index 501 HAVE YOU SEEN FAMILY FINANCE? p540 Next CityIndex Shares Family Finance