Banker bonuses back in the headlines

Editor's blog

Calls for a curbing of the city bonus culture seem to have fallen on deaf ears, as banks award record bonus payments despite posting record losses. Although Goldman Sachs and JP Morgan can quite rightly argue that they have had a successful year and should reward their employees, the argument falls down when Citi and Merrill Lynch, two of the biggest losers in the financial crisis, also post multi-million dollar bonus awards. Clearly the politicians are wrong in thinking the industry will be

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