Banks bow to EU over limit to bonuses

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Series Details 14.6.12
Publication Date 14/06/2012
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Article reported that bankers’ bonuses across the European Union were set to be limited by law, with many bank lobbyists admitting in private in June 2012 that they had lost the fight against a European Parliament initiative to limit the size of bonuses relative to salary.

Related Links
ESO: Background information: EU seeks new curbs to cap bank bonuses
ESO: Background information: Brussels to ask bankers the €1m question
ESO: Background information: European banks warned to curb bonuses

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