The EU has struck an historic deal to cap bankers' bonuses. Critics say bonuses played a major role in feeding the financial crisis. New rules require banks to improve their financial stability. It does make sense, if you have a business yourself and you have had a bad year, do you give yourself a whacking bonus, I think not.
Malc's says it is not a done deal, Britain opposes it! Have checked again and I think it is a done deal even though Britain opposed it. David Cameron and Malc both think that Banks would just hike their salaries. I think they should then cap salaries.
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