Banks with large bonuses will become Disgrace

Banks, which paid huge bonuses to its staff will become out of favor and will be punished by increasing their financial requirements for the adequacy of the forthcoming meeting of G-20 in September, threatened French Finance Minister Christine Lagard cited by „The Financial Times „.
She added that the 20 global forces they will no longer allow taking excessive financial risks, including the distribution of large amounts in the form of premiums.
Some of the banking giants, including Citigroup, Deutsche Bank and Nomura, offered many of the financial guarantee your best people for the sole purpose to retain key staff that ground authorities in respective countries against the financial institutions. However, banks continue to insist that it is important for them and their policy is directed only to certain persons of their human resources.
French banks have refused to apply such tactics to avoid facing prosecution request to raise capital. Britain also warned banks that they ugly penalties if guarantee premiums for more than one years ahead.
Christine Lagard recommended more states to adopt stricter rules for the regulation of financial institutions.

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Finance