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Banking bosses shares devalue £49m, reveals digitallook.com

Executive directors of UK banks have lost over £49m in disclosed shares since January this year, according to research by digitallook.com.

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.

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