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Lloyds to offer employees stock options

LONDON, Oct. 4 (UPI) -- British bank Lloyds is planning to reintroduce a discount share-buying program for its employees, The Sun reported Thursday.

"We review our (compensation) approach regularly as part of ensuring our overall reward package is appropriate," a bank spokeswoman said.

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The program would be available to about 100,000 staff members.

The bank dropped its ShareSave program in 2010, as executives had complained it was too expensive.

ShareSave is a standard program in Britain that allows employees to buy company shares in the future at a discount -- essentially, a shares option program for employees.

Shares of the bailed out bank have risen 55 percent this year. The discount share-buying would give employees a chance to benefit from the bank's recovery, the newspaper said.

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