Research by the information website found directors of the UK banks owned £98million of shares at the beginning of the year, but the value of those shares has plummeted to just over £49m, with Barclays Capital executive director Robert Diamond nursing the biggest loss from £16.7m to £9m.
Digitallook.com director Andy Yates says: “The wealth of directors of UK banks has taken a previously unimaginable battering. A lot of people might find it hard to sympathise with a director of a FTSE100 company but these are pretty jarring losses.”
Other losses include Barclays chief executive John Varley who lost £1.25m and Barclays chief executive of global retail and commercial Frits Seegers lost £1.86m respectively. RBS chief executive Sir Fred Goodwin saw shares drop in value from £9.4 to £7.1m.