Smaller British Banks, Finance Firms Won’t Have to Restrict Bonus Payments – Wall Street Journal

11 months ago Comments Off on Smaller British Banks, Finance Firms Won’t Have to Restrict Bonus Payments – Wall Street Journal

U.K. regulators on Monday said that smaller British banks and finance companies won’t have to comply with a European​rule that restricts bonus payments.

Presently, European rules mean big banks can only pay bonuses up to twice the amount of fixed pay and must release them over a period of years. Smaller banks and asset managers have largely…

Smaller British Banks, Finance Firms Won’t Have to Restrict Bonus Payments – Wall Street Journal}