EU will not limit size of banker bonuses

Under a deal agreed with the European Parliament, bankers will receive no more than 30% of their bonus immediately and in cash, or 20% for larger bonuses. The remaining bonus payments will be delayed and linked to long-term performance, with 50% paid in shares. Additionally, large severance packages for departing executives will also be limited. However, the rules do not limit the size of bonuses that can be paid to bankers, only the proportions that must be paid in cash and shares, and the timing of those payments. That reflects the agreement reached by the G20 countries last y...