Torrential reign


Making bankers pay for their exuberance is popular and the political pressure for reform is unlikely to abate despite hopes in some quarters that the slowly improving global economy will dampen the reform fervour.

In Europe, France and Germany have led calls for action against bank 'excesses'. French president Nicolas Sarkozy wants to cap bankers' pay and bonuses, and German chancellor Angela Merkel says big banks have too much power and cannot be allowed to blackmail governments. UK prime

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