Banks could double salaries

Blackmore, Nicole
August 2009
Money Marketing;8/13/2009, p5
The article reports on the assertions of city law firm CMS Cameron McKenna LLP that British banks will be forced to double salaries as a result of an effort of the Financial Services Authority (FSA) to control bonus. FSA confirmed its intention to limit bonus structures that encouraged short term risk-taking. CMS Cameron McKenna LLP partner Nicholas Stretch asserted that banks will have to increase salaries to attract and retain staff.


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