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Britain's highest-profile banker argued that it was not possible to stop paying bonuses without severe consequences for business and the broader banking sector.

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"There was a period of remorse and apology; that period needs to be over. We need our banks willing to take risks, to be confident and to work with the private sector in the UK to create jobs and improve economic growth," he said at a hearing examining the retail banking sector.

FT


Wind power

by Jerome a Paris (etg@eurotrib.com) on Wed Jan 12th, 2011 at 03:57:53 AM EST

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