City laments 'dangerous' bonus cap

MPs, lawyers and economists say EU plans to cap bankers' bonuses will not bring stability to the region's financial markets

Critics have labelled the European Union’s drive to cap banker bonuses so they cannot exceed annual salaries as “dangerous”, saying it would “create as many problems as it is attempting to solve”.

Rules for a 1:1 ratio between bonus and salary are set to be debated in Brussels today, with the UK government leading a rearguard defence against the move.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It