EU cracks down on bankers’ bonuses

July 29, 2013 | Last updated on July 29, 2013
1 min read

A new law has been approved in the EU. Starting in 2014, its bankers can’t be awarded bonuses worth more than their fixed salaries, reports Reuters.

However, senior bankers will still be allowed bonuses of up to twice their salaries upon shareholder approval. Read more on why the law was passed, as well as how it will work.


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