UK bank bonuses to rise despite bailouts

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UK bank bonuses to rise despite bailouts

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10-21-2009, 10:52 AM

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UK bank bonuses to rise despite bailouts

According to the Centre for Economics and Business Research (CEBR), City bankers will receive an estimated £6 billion in bonuses for this year, compared with £4 billion for 2008.The estimate comes despite public outrage against bonuses after a year of multi-billion pound bailouts within the banking sector. However, the CEBR did point out that this [...]

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