Osborne slams failure to rein in City bonuses

York, Nicola
August 2009
Money Marketing;8/20/2009, p12
The article reports on the move of George Osborne, chancellor of Conservative Shadow, to confront the Financial Services Authority (FSA) for failing to control the banks from paying excessive bonuses to staff in Great Britain. He states that FSA has pulled its punches, leaving the promises of the Prime Minister to curb bonuses absolutely worthless. It infers that the failure to act is an evidence of the need to put an institution with the clout and authority of the Bank of England in charge.


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