In brief: ITV chief Crozier’s pay trebles to £8m and trader banned for £1bn bond rigging

ITV chief executive Adam Crozier’s annual pay has almost trebled to £8.4 million against £2.9 million a year earlier.

He got £3.4 million in bonuses, 92.7% of his maximum target, after ITV posted a 27% leap in profits. But the biggest windfall was from his £4 million “joining” award. He got shares when he arrived in 2010 and they have soared in value as the broad- caster’s stock price tripled under his charge.

A Credit Suisse bond trader was today banned from the industry and fined £662,700 by the Financial Conduct Authority for deliberately manipulating the price of a UK government bond in October 2011 during the Bank of England’s quantitative easing operations.

Mark Stevenson bought up £1.2 billion worth of a single gilt to push up the price but the Bank — alerted to the unusual price movement — decided not to buy it.