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Bonus clawback plans could damage London

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The Bank of England’s plans to impose seven-year clawbacks on bonuses and threaten bankers with jail could damage the City of London’s competitiveness and impose direct costs of more than £260m ($439.3m) on the country’s banks, the industry has warned.

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Grey Explains

Finally, someone to explain the occasional trivial, yet complex, things in life.

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This City of London vs. London video is perfect for those who are looking for some new dinner table conversation starters, or those who just want to impress their friends with their MASSIVE brains.

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