UK's Cable aims to shine a light on bankers' pay

12/21/2010 | Guardian (London), The

Vince Cable, business secretary for Britain, is drafting proposals to require banks to disclose additional information on compensation, while the Treasury is reconsidering similar plans. Bank bosses were poised to meet with Cable and UK Chancellor George Osborne on Monday, but the meeting was postponed until today because of weather-related issues. CEOs from Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland are expected at the meeting to vow to bolster lending to small businesses.

View Full Article in:

Guardian (London), The

Published in Brief: