Wednesday, 27 March 2013

Finance News - Business news from the UK and world: British banks must shrink, cut bonuses, reduce dividends to meet £25bn shortfall

Finance News - Business news from the UK and world
Latest financial news, breaking business news, stocks and share prices from the UK and world from Telegraph.co.uk
British banks must shrink, cut bonuses, reduce dividends to meet £25bn shortfall
Mar 27th 2013, 20:45

Banks could be forced to reduce the size of their investment banking operations, slash staff bonuses and cut dividend payments to investors after the Bank of England ordered lenders to raise £25bn in new capital.

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