Tag Archives: The Indiscreet Charmlessnees Of The Banquiersie

John Ward – The Indiscreet Charmlessness Of The Banquiersie – 28 February 2013

John WardThe European Union moved a step closer Thursday to imposing strict curbs on excessive bonusing of investment bankers, blamed by many of those who are awake for causing ‘risk-taking behaviour’. Predictably, every banker in the world immediately said the scheme would backfire, which did make the action by Barclays  – to claw back bonuses they’d already given to employees (to pay fines) – look curiously muddled: if capping bonuses will backfire, what will grabbing them back do – start off a nuclear chain reaction to wipe out the galaxy? Continue reading