Why the banks should agree to a ceasefire on bonuses.

To regain public trust, banks should stop competing each other with higher bonuses. These days, financial institutions continue spending large amounts on their staff, while they claim that financial times are hard and higher interest rates on saving accounts can't be given. Banks admit this antinomy. They say there is a general will to lower bonuses, but they can't trust their rivals to respect this commitment.

Source: tp://www.guardian.co.uk/business/2010/oct/11/banking-cbi

Steff Van den Bruele