Tag Archives: Hunt Balls : Osborne Helps Hunt Support The Elderly By Rewarding 2700 Failed Bankers With €2.7 Billion

John Ward – Hunt Balls : Osborne Helps Hunt Support The Elderly By Rewarding 2700 Failed Bankers With €2.7 Billion – 29 November 2013

huntgobtitleFrom today’s FT:

Pay for top UK bankers up by a third

Last year 2,714 earned more than €1m

From the FT dated September 25th 2013:

‘Britain is taking legal action against an EU cap on bankers’ bonuses in an attempt to strike down the measure on the grounds that it hurts financial stability. George Osborne, the UK chancellor, filed the case at the European Court of Justice last week – in a step to protect pay freedom that most banks thought would be too politically unpalatable for the Treasury . His move came after breakthroughs this month for the UK in Brussels, including significant headway in a court case to clip the powers of an EU market watchdog on short selling. The suit is the fourth launched by Mr Osborne on an EU financial services issue in the past two years. The Treasury said the bonus cap threatened moves to increase financial stability.’ Continue reading