Banks bow to EU over limit to bonuses

Article reported that bankers’ bonuses across the European Union were set to be limited by law, with many bank lobbyists admitting in private in June 2012 that they had lost the fight against a European Parliament initiative to limit the size of bonuses relative to salary.

ESO: Background information: EU seeks new curbs to cap bank bonuses http://www.europeansources.info/record/eu-seeks-new-curbs-to-cap-bank-bonuses/

ESO: Background information: Brussels to ask bankers the €1m question http://www.europeansources.info/record/brussels-to-ask-bankers-the-e1m-question/

ESO: Background information: European banks warned to curb bonuses http://www.europeansources.info/record/european-banks-warned-to-curb-bonuses/

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