Lloyds Banking Group, RBS, HSBC and Barclays shares fall on FTSE 100 following RBS report

In its annual report RBS said that directors could receive up to 400 per cent of their annual salary in shares if they can fulfil a stringent set of criteria.

By 11:08 shares in RBS were down 2.71 per cent to 42.37 pence per share, Lloyds Banking Group shares fell 1.78 per cent to 56.36 pence per share, Barclays shares dropped 1.26 per cent to 354.87 pence per share and shares in HSBC fell 1.27 per cent to 684.00 pence per share.