Closing conditions

Author: | Published: 11 Dec 2018

Present danger

Christmas season is upon us. Bonus season is too, with all the usual outrage and criticism that usually follows announcements of multi-million dollar sums paid to financial sector executives.

Some news reports have highlighted just how controversial the issue is. Bloomberg reports that the lawyer for an unnamed bank part in a lawsuit involving Credit Suisse has gone to court to hide the fact that this bank paid bonuses to staff. The case challenges a one-time 50% bankers' bonus tax levied in the wake of the 2008 financial crisis, during a period of...