Next week, with the issuing of their third-quarter management statements, Barclays and HSBC are also likely to announce major staff bonuses. Free of Government ownership, these banks are expected to post strong reports, making the week a big one of UK's banking sector.

In sharp contrast is the Royal Bank of Scotland, majority of which is now is owned by the Government, which has been ordered to stop paying bonuses. In current times, when the economy is slowly stabilizing, firms have been advised not to pay heavy bonuses. Barclays and HSBC, however, are not being criticized for their action as they managed to uphold a strong performance all throughout the financial crunch and market collapse. No Government support was required by them.

Head of research at Dolmen Stockbrokers, Oliver Gilvarry, shared, "Strong performance will result in increased bonuses at Barclays". He also asserted that HSBC, which is known to be "conservative" with bonuses, is expected to award the same in line with the figure being awarded by its peers.

While Barclays and HSBC are riding the success wave and are expected to post profitable third-quarter reports, RBS, in its report last week, revealed a ?1.5 Billion loss. After another bailout offered by the Government, its current stake in RBS is 84%.