Europe's top banks stashing cash to pay bumper bonuses
... during a global crisis mean lenders are showing some restraint. Paying out huge bonuses at a time when businesses and households are struggling and the economic outlook remains so uncertain is not only financially irresponsible, but morally dubious, said Simon Youel, head of policy and advocacy at Positive Money . Youel said much of banks' recent profitability could be traced to state support measures for the economy. British newspapers have suggested that UK banks are lobbying to block the bonus cap ...
Updated: 08/05/2021
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