Bonus limits may harm state-owned banks

Brockett, James
February 2009
People Management;2/12/2009, Vol. 15 Issue 4, p8
The article reports on the warning issued by some experts against slashing bonuses in nationalised and part-nationalised banks in Great Britain. Calls for direct government intervention were prompted by news that Lloyds TSB and the Royal Bank of Scotland are planning to pay out millions of pounds in bonuses. Charles Cotton, Chartered Institute of Personnel and Development (CIPD) adviser, prefers banks reigning back on bonuses voluntarily.


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