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Page last updated at 13:42 GMT, Sunday, 15 November 2009

Bankers' deals could be 'torn up'

City Minister, Lord Myners

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The Chancellor, Alistair Darling, has warned bankers their contracts could be torn up if pay deals continue to reward unnecessary risk-taking.

City Minister, Lord Myners told the BBC the action was necessary, "to make the banking system more stable".

READ MORE: 'Reckless' bankers face bonus cut

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