The Pak Banker - - FRONT PAGE -

Bankers may feel the pinch from Euro­pean Union bonus curbs start­ing in 2015, af­ter Bri­tain failed to water down a ten­ta­tive agree­ment from last month aimed at rein­ing in greed and ex­ces­sive risk tak­ing.

Euro­pean Par­lia­ment law­mak­ers and Ire­land, which holds the ro­tat­ing pres­i­dency of the EU, kept bonus re­stric­tions un­changed, as they sealed a deal yes­ter­day over­haul­ing bank cap­i­tal and liq­uid­ity rules for the 27na­tion EU. Bar­clays Plc, the U.K.’s sec­ond-largest bank by as­sets, said yes­ter­day it paid nine se­nior ex­ec­u­tives 40.3 mil­lion pounds in bonuses, less than a year af­ter the bank was fined for ma­nip­u­lat­ing bench­mark in­ter­est rates.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.