Tag Archive | "Political Heat"

US and UK banks face political heat

Banks on both sides of the Atlantic scrambled to respond to mounting political pressure as public anger over their bonuses grew and US officials worked on a new levy to recoup the government’s losses in the financial crisis

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Pay-outs at rescued banks face fresh scrutiny

Andrew Cuomo, the New York attorney-general, raised the political heat on Wall Street pay, asking the top US financial institutions that received billions of dollars in public bail-out money for detailed information on bonuses

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