News

Banks must reduce bonuses to build reserves, warns Mervyn King

Published on 5th December 2011 by Anthony Alexandrou

Bonuses criteria needs an overhaul

Banks must reduce bonuses to build reserves, warns Mervyn King

Banks should reduce bonus payouts this year in order to boost their capital reserves and protect themselves against the eurozone crisis, the Bank of England governor Mervyn King has warned.

For full article, please visit

http://www.peoplemanagement.co.uk/pm/articles/2011/12/banks-must-reduce-bonuses-to-build-reserves-warns-mervyn-king.htm

Search for a job