European Union lawmakers agree to cap bankers' bonuses
BRUSSELS, March 20
BRUSSELS, March 20 (Reuters) - European Union lawmakers agreed to bar bankers in Europe from getting bonuses bigger than their salaries, EU officials said on Wednesday.
"A deal is done," said one official who attended the negotiations.
The rules, part of a wider reform of capital regulation for banks, would limit banker bonuses to the equivalent of their salary, or two times their salary if shareholders agree. They represent the toughest bonus regime anywhere in the world.
- Army officer takes charge in Burkina Faso, ousting general |
- UK says will pay off part of World War One-era debt next year
- Kurdish peshmerga forces enter Syria's Kobani after further air strikes |
- Test flight of Virgin Galactic spaceship ends in fatal crash in California |
- Test flight of Virgin Galactic spaceship ends in fatal crash in California