Banks will be hit by a 50 per cent tax on bonus pay-outs, Alistair Darling, the chancellor, said in his pre-Budget report, in a move that will inflame bankers but is likely to be welcomed by the general public.The first £25,000 of bonuses will be ex
Banks will be hit by a 50 per cent tax on bonus pay-outs, Alistair Darling, the chancellor, said in his pre-Budget report, in a move that will inflame bankers but is likely to be welcomed by the general public.The first £25,000 of bonuses will be ex
London equities were little changed on Wednesday, with banking stocks in focus ahead of the Pre-budget report.The FTSE 100 ticked just 1 point higher to 5,224.0 after worries about the knock-on effects of Greece’s credit rating downgrade and concern
Investment banks face a thorny issue in Asia-Pacific, the fastest-growing region: how to reward staff who perform well.In theory, it’s easy. The region has not witnessed the invective against financial industry compensation that has been unleashed a
British banking chiefs have reacted angrily to news the Treasury is drawing up plans for a one-year windfall tax on bonuses paid to some UK-based bankers.A scheme could be unveiled in Alistair Darling's pre-Budget report this week. BBC business edit
LONDON - The government is considering slapping a supertax on bankers' bonuses amid fears of a lavish season for senior staff despite the global financial crisis, reports said Monday. Chancellor of the Exchequer Alistair Darling is mulling the le
LONDON - The government is considering slapping a supertax on bankers' bonuses amid fears of a lavish season for senior staff despite the global financial crisis, reports said Monday. Chancellor of the Exchequer Alistair Darling is mulling the le
Barack Obama, US president, is preparing to deploy parts of the $700bn troubled asset relief programme to support job creation, against the wishes of more conservative economists and strategists who want to use the money to pay down debt.Tim Geithne
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