Jeremy Hunt Citi Jeremy Hunt

‘Bad timing’: Bank bosses blast bonus cap scrapping

Reading now: 804
fnlondon.com

Chancellor Jeremy Hunt’s Autumn Statement last week dismantled many of his predecessor’s ‘mini-budget’ proposals — apart from the controversial move to scrap the cap on bankers’ bonuses.However, senior bankers who employ thousands of staff told Financial News that lifting the cap will not help attract talent to the City and comes at a “terrible” time for a sector still struggling to shed its reputation for fat pay packets.“We...

Read more on fnlondon.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
DMCA