Page last updated at 12:32 GMT, Thursday, 3 December 2009

Myners urges shareholder action over bonuses

Advertisement

City Minister Lord Myners has called on major shareholders to stop banks from paying excessive bonuses, after Royal Bank of Scotland directors threatened to resign over the issue.

He said thousands of bankers in the UK will be paid more than £1m if action is not taken, and added it was unfair to the taxpayers who had bailed them out.

SEE ALSO

Story Tools

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific