City bankers’ bonuses come under investigation

Controversy over bonuses awarded to bankers in the City of London has reached fever pitch, after the British Financial Services Authority (FSA) published its new pay rules.

15th August, 2009

Controversy over bonuses awarded to bankers in the City of London has reached fever pitch, after the British Financial Services Authority (FSA) published its new pay rules.

The City watchdog’s remuneration code was designed to break the link between employee rewards and the kind of risk-taking that led to the global financial meltdown.

But some politicians - including the Liberal Democrat s’ Vince Cable and business secretary Peter Mandelson - have attacked the...

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