business.timesonline.co.uk - 8/17/2009
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ALISTAIR DARLING is ready to legislate to curb City bonuses amid mounting public anger about the return of huge rewards for bankers. The chancellor has signalled that he will change the law to ensure executive bonuses are not paid to employees whose transactions put banks at risk. The new ...
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U.K. May Tighten Laws on Banker Pay, Darling Says
DealBook —
... says Britain’s rules on bankers’ pay are already among the most stringent in the world, while the financial regulator has signaled that the right level of bonuses is a question for society as a whole. Speaking about the wider economy, Mr. Darling repeated his view that Britain will see growth by the end of the year.“You can see signs that the recovery is beginning,” he told The Sunday Times. “It is all having an effect.” Go to Article from Reuters via The New York Times » Go to Article from The Sunday Times of London »
The missing shame gene
FT Alphaville —
... to the FSA over the terms being dangled by BarCap in front of Todd Edgar’s commodities trading team at JPM which Bob and Co are trying to poach. Bonus rows seem to be breaking out in every direction. British chancellor Alistair Darling is threatening new legislation to curb City pay, just as a left-leaning pressure group of MPs, union leaders and academics called Compass ...
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