BRUSSELS: Bankers in Europe face a cap on bonuses as early as next year, following agreement in Brussels yesterday to introduce what would be the world's strictest pay curbs, in a move politicians hope will address public anger at financial sector greed.
The provisional agreement, announced by diplomats and officials after late night talks between EU country representatives and the bloc's parliament, means bankers face an automatic cap on bonus payouts at the level of their salaries.
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