Today news
About the same in other media
Why bankers don’t want the UK to ditch bonus caps: ‘We’ll end up with less’
Reading now: 656
fnlondon.comChancellor Kwasi Kwarteng's plans to ditch the long-standing cap on banker bonuses to make the City more competitive have been branded “beyond tone deaf” by fair pay advocates. But bankers don't like the idea either.
“[Axing the cap is] good for banks, but not good for bankers,” said one senior dealmaker at a European firm. “Banks will cut salaries for upcoming staff under the guise of paying them bigger bonuses. Ultimately, I think we’ll end up with less.”
Kwarteng's...
Read more on fnlondon.comAbout this in other media
Bank launches emergency intervention in markets after Kwarteng mini-budget theguardian.com /2 years ago
BTC price stays under $19K amid hopes Q4 will end Bitcoin bear market cointelegraph.com /2 years ago
Kwasi Kwarteng set for crisis meeting with bankers after pound plunges theguardian.com /2 years ago
Show more
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.
