TITLE

Too big to fail, the banks are now too powerful to constrain

PUB. DATE
January 2011
SOURCE
New Statesman;1/17/2011, Vol. 140 Issue 5036, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
In this article the author comments on British banks and banking. The author notes that large bonuses are due to be paid to banking executives including Stephen Hester of the Royal Bank of Scotland, an organization that received a significant government bailout at taxpayer expense. The author calls on the British government to restrict executive compensation and for greater transparency in the banking sector.
ACCESSION #
57329744

 

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