TITLE

Central Bank Governor Tries To Shame Bankers On Pay

AUTHOR(S)
Platt, Gordon
PUB. DATE
November 2009
SOURCE
Global Finance;Nov2009, Vol. 23 Issue 10, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of governor of the Bank of England Mervyn King as he tried to put bankers to shame for their lavish bonuses in Great Britain. It states that King, after being blamed for crisis in the banking sector of the country, showed his courage in October 2009 when he criticized bankers for their large bonuses one year after receiving taxpayer funds that saved them. It is noted that King is in critical point in trying to reform the behavior of the banks.
ACCESSION #
47111083

 

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