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Banks will not challenge UK bonus cap, bosses say
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fnlondon.comThe City’s top banks have no interest in lobbying to change the controversial limit placed on UK banker bonuses, a raft of bosses and lobbyists have said, despite an exodus of London talent to European hubs in the wake of Brexit.
Citigroup’s Europe, Middle East and Africa chief executive David Livingstone said the bank does not view the bonus cap as a priority in its lobbying activity with regulators.
“We’ve...
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