Summary
CHANCELLOR Alistair Darling is preparing to face down a bankers' backlash against his plans to "tear up" their contracts in an attempt to stamp out the bonus culture that rewards unnecessary risk- taking in the financial sector.
The move to ensure that bankers never again trigger another financial meltdown in the hunt for profits and personal bonuses is contained in a tough Financial Services Bill that will form the centrepiece of Wednesday's Queen's Speech, the Government's legislative plan for the parliamentary year.See the full content of this document
Extract
Darling Set to Take On Bankers Over Bonuses
Mr Darling's confirmation that he will grant new powers to the Financial Services Authority, the City r...
See the full content of this document
Sponsored links
