RBS and Lloyds shares snapped up by TD Waterhouse investors on the hunt for bonuses Go compare with our comparison table

RBS and Lloyds shares snapped up by TD Waterhouse investors on the hunt for bonuses

15 January 2010 / by Rebecca Sargent

TD Waterhouse share dealing customers continued to snap up banking shares this week, turning to RBS and Lloyds in the hunt for bonuses.

According to weekly statistics from TD Waterhouse, banking shares accounted for 61 per cent of the overall top ten last week, with buys over taking sells.

Commenting, Angus Rigby, chief executive officer at TD Waterhouse said: "As UK banks jumped to defend their bonuses against the Government's proposed super tax, Lloyds proved to be the most popular trade this week, accounting for almost a quarter of the top ten buys and sells."

According to the figures, buys were 28 per cent ahead of sells for Lloyds shares. Meanwhile TD Waterhouse share dealing customers also traded heavily in Royal Bank of Scotland shares.

Mr Rigby adds: "Our customers also traded heavily in RBS, which accounted for 21 per cent of the overall top ten. Buys climbed 45 per cent higher than sells as the bank put forth its case on the importance of bonuses in the interest of retaining and motivating top bankers."

"Earlier this month RBS announced an agreement to sell some of its fund management assets and contracts of RBS Asset Management to Aberdeen Asset Management in a deal worth £84.7million that is expected to complete during the first quarter of this year."

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