Cap on bankers' bonuses to be scrapped 24/10/2023
The cap on bankers' bonuses is being removed as part of a post-Brexit shake-up of UK financial rules, it has been confirmed.
Cap on bankers’ bonuses to be scrapped next week in post-Brexit shake-up of financial rules 24/10/2023
Bankers’ bonuses are currently capped at 100 per cent of their annual salary, or double that with shareholder approval.
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.
Guess what, we get unlimited banker bonuses guys!