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Page last updated at 08:12 GMT, Friday, 2 December 2011

Myners: Bonus practices 'obscene'

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The Financial Policy Committee which is tasked with regulating the City said that banks should keep lending, but if they needed more cash to build up their reserves they should cut dividends and bonuses.

Angela Knight, of the British Bankers Association gives her response and former City minister Lord Myners talks about how realistic it is to expect banks to fall into line.


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