German banks bring forward plans to restrict bankers’ bonuses

German banks have agreed December 2009 to impose restrictions on managers’ bonus payments a year earlier than planned. The announcement came as other European countries said they were planning a tax on bonuses.

ESO: Background information: German banks set to speed up pay reform http://www.europeansources.info/record/german-banks-set-to-speed-up-pay-reform/

ESO: Background information: Germany’s bonus ultimatum to bankers http://www.europeansources.info/record/germanys-bonus-ultimatum-to-bankers/

ESO: Background information: France to impose tax on bank bonuses http://www.europeansources.info/record/france-to-impose-tax-on-bank-bonuses-entente-fiscale/

---