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* Lloyds CEO Horta-Osorio could get 7.9 mln stg for 2014
* Barclays CEO Jenkins could get 7.2 mln stg
* Barclays says 57 pct of its 1 mln stg club work in U.S.
* UK MP slams pay, warns regulators may step in
By Matt Scuffham and Steve Slater
LONDON, March 5 (Reuters) - Barclays paid almost500 staff more than 1 million pounds ($1.67 million) last year,prompting criticism that pay is still too high and that bankshave not changed their ways since the financial crisis.
Barclays and Lloyds Banking Group also revealed intheir annual reports that their chief executives could each earnmore than 7 million pounds this year and that both banks wereseeking approval from shareholders to pay some staff bonuses ofdouble their fixed pay.
Bonuses have been blamed for contributing to excessiverisk-taking that led to the 2008 crisis and the European Unionhas taken steps to cap them.
Conservative lawmaker Andrew Tyrie, chairman of parliament'sTreasury Select Committee, on Wednesday slammed the bonuses paidout by UK banks and said authorities may need to step in.
"It is regrettable that a number of banks appear not to haveaccepted the need for fundamental reform in this year's bonusround. The new consensus emerging on pay remains seriouslyflawed. It will now be up to regulators to do the job."
Barclays provoked fury last month when it paid out 2.4billion pounds in bonuses for 2013, up 10 percent on the yeardespite profits tumbling by a third.
Barclays said 481 staff were paid at least 1 million poundsin 2013, up from 428 the year before. It said 57 percent of lastyear's number were based in the United States and 27 percent -or 130 - were based in Britain.
Barclays CEO Antony Jenkins has said he had to increasebonuses to help to retain staff. Jenkins was quoted in the DailyTelegraph on Wednesday saying he feared a "death spiral" wherethe bank struggled to attract good staff and its brand wasdamaged.
Barclays said Jenkins could be paid up to 7.2 million poundsthis year, down 1.4 million from his maximum pay under hisprevious pay structure, although more is now guaranteed.
Lloyds, which is 33 percent-owned by the government, said its CEO Antonio Horta-Osorio could be paid as much as 7.8million pounds this year.
BONUS CAPS
Lloyds' Horta-Osorio was paid 4.5 million pounds for 2013,including long-term share awards and pension and benefits. Hecould have received a maximum of 8 million pounds.
Lloyds said it expected Horta-Osorio to get 4.9 millionpounds this year, but he has the potential to get almost 3million more.
He will get a base salary of 1.1 million pounds for 2014, anadditional fixed payment worth about 900,000 pounds and benefitsworth 700,000. He could get a 2014 bonus of 1.5 million and 3.6million pounds of shares under a long-term incentive plan.
Lloyds said it would seek approval from shareholders to beable to pay key staff bonuses worth 200 percent of their fixedpay, following Barclays and HSBC.
European rules have capped bonuses at 100 percent of salary,but this can rise to 200 percent if shareholders allow it.
Lloyds said it paid 27 staff more than 1 million euros in2013, a year in which it set aside billions of pounds tocompensate customers mis-sold loan insurance.
The bank said it clawed back bonuses that were paid to someexecutives in 2010 and 2011 to reflect losses the bank has madeon insurance policies mis-sold in the past.
In its annual report, Lloyds, which is headquartered inEdinburgh and owns Bank of Scotland, said if Scots vote thisyear for independence from the rest of the United Kingdom, itcould have a material impact on its compliance, tax and fundingcosts.
Barclays said Jenkins was paid 1.6 million pounds last year,after waiving his bonus for the second straight year as the bankfell short of its targets and raised cash from shareholders.
He will this year receive 1.1 million pounds in base salary,363,000 in pension and benefits and a fixed allowance of950,000. He could receive up to 1.9 million pounds in annualbonus and 2.9 million in long-term share awards.
The bank said eight staff were paid more than 5 millionpounds during the year, up from five in 2012, and a further 54were last year paid at least 2.5 million.
