FINANCIAL SERVICES
Ministers reconciled to banks paying out billions in bonuses - BBC
The government is resigned to UK banks paying out billions of pounds in bonuses this year, despite its calls to curb the payments, the BBC reports today.
The best the coalition can hope for is a declaration from the banks that they will pay out less than they would have without government intervention, said BBC business editor Robert Peston.
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Title: Bank bonuses “to run to billions in 2011”, BBC, 7 January 2011.
Availability: Read the BBC report online at www.bbc.co.uk/news/business-12131092.
--> See also “Banks to pay out billions in bonuses”, Robert Peston blog, 6 January 2011: www.bbc.co.uk/blogs/thereporters/robertpeston/2011/01/banks_to_pay_out_billions_in_b.html.