Morgan Stanley set aside 72pc of revenues for staff compensation despite delivering a 1.26bn £765m loss in the second quarter.
British banks should disclose names and salaries to improve transparency in the financial system says Lib Dems’ Vince Cable.
Alistair Darling’s push to make banks prefund the Financial Services Compensation Scheme is a marked change from the traditional approach to depositor protection in the UK.
Lloyds is to cut 2100 jobs at offices across the country in another blow to the finance sector.