Sunday, Dec 20, 2009
Banks eager to take the bonus but risk is still high! (See closing paragraph)
Guardian - Business Comment: Bank of England expert calls the bankers' bluff
It's fortunate for a number of reasons that the BA cabin crew strike has been averted – not least because disenchanted bankers can head for Heathrow right now, if that's what they really want.
The argument that banks and bankers are highly mobile and would leave London if provoked is endlessly deployed to defend bonuses, but it is not interrogated nearly enough. Now Andy Haldane, the Bank of England's head of financial stability, has called the bankers' bluff. He is on safe ground to suppose there will not be overspill in the departure lounge.
Posted by tim lozinski @ 07:59 AM (355 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.