Darling to clamp down on Square Mile’s bonus culture
July 5, 2009
High-paying City banks forced to hold more capital City banks that pay out lavish bonuses for short-term profits will be forced to set aside a bigger cash cushion against losses, Alistair Darling will announce this week, as he sets out the government’s plans to crack down on the practices that led to the credit crunch.
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Darling to clamp down on Square Mile’s bonus culture
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