European Union leaders are to urge the threat of "sanctions" for banks that pay excessive bonuses.
They will also urge the Group of 20 (G20) richest nations to maintain stimulus spending that has prompted some signs of global recovery, the BBC says. Many countries in the EU want to regulate how bonuses are paid at banks, blamed for helping to case the crisis. The US and UK have rejected calls for mandatory caps on bonuses - to be discussed at the G20 talks next week. Full story...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes