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29 May 2017 04:16 (South Africa)

Soros attacks British bankers' bonuses

It is becoming pretty tough to be a banker just about anywhere in the world right now. The Swiss are now openly changing their rewarding ways and in the US President Obama is spearheading action to limit bonuses at firms that took public money since the beginning of the crisis. On Friday George Soros added his voice to the criticism of British bankers, who are still trying to claw back some really bad big bonuses (around $10 billion, to be exact). Soros condemned the bankers for their insensitivity and called for tighter restrictions on their activities, such as guaranteed bonuses regardless of company or personal performance. And even as Prince Andrew declared that he regards the bonuses as “minute” in the larger scheme of things, George Soros is the true royalty in this business. Expect the UK government to react quickly.
Read more: BusinessWeek

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