TITLE

Banks could double salaries

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
August 2009
SOURCE
Money Marketing;8/13/2009, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44018384

 

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