Bankers to get bonuses quicker under rule change
Source: BBC
Senior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008.Senior bankers have had to wait up to eight years to collect their bonus in full to make sure the deals they were being rewarded for turned out to be profitable longer term.From Thursday, that deferral period will be cut to four years and partial payments will be allowed to…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC