UK’s Kwarteng seeks to scrap bankers’ bonus cap – FT

Author of the article: British finance minister Kwasi Kwarteng is seeking to scrap Britain’s cap on bankers’ bonuses, the Financial Times reported on Wednesday. Kwarteng argues the move would make London a more attractive destination for top global talent, the newspaper reported citing his colleagues. Financial Post Top Stories Sign up to receive the daily…
UK’s Kwarteng seeks to scrap bankers’ bonus cap – FT

Author of the article:

British finance minister Kwasi Kwarteng is seeking to scrap Britain’s cap on bankers’ bonuses, the Financial Times reported on Wednesday.

Kwarteng argues the move would make London a more attractive destination for top global talent, the newspaper reported citing his colleagues.

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Although no final decisions have been taken, people familiar with Kwarteng’s thinking said he wanted to scrap the cap, introduced by EU legislation in 2014, as part of a package of City reforms, the report added. (Reporting by Rhea Binoy in Bengaluru; Editing by Lisa Shumaker)

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Zelenskiy Arrives in Washington Seeking to Firm Up US Support
Read More

Zelenskiy Arrives in Washington Seeking to Firm Up US Support

President Joe Biden promised Volodymyr Zelenskiy unwavering US support as Ukraine’s effort to beat back Russia’s invasion nears its 11th month even as support from Republicans poised to take control of the House wanes. Author of the article: Bloomberg News Jennifer Jacobs Published Dec 21, 2022  •  Last updated 18 hours ago  •  4 minute read…