…and Eric Daniels decided to join other bank bosses by becoming the fourth in a week to surrender his contractual bonus for the year. Daniels, who is paid a base salary of 1.04 million pounds, would have been entitled to a bonus of around 225 percent of his base salary, to be paid in stock over three years.

That means he is giving up around 2.3 million pounds ($3.6 million) for 2009.

“Mr Daniels has taken this action because he believes that the excellent progress the group is making, based on the considerable contribution of many colleagues across the company, is in danger of being obscured by the current debate on executive bonus awards,” Lloyds Chairman Win Bischoff said in a statement.

RBS CEO Stephen Hester, Barclays CEO John Varley and President Robert Diamond have all given up their 2009 bonuses in the past week.