Back to the bonuses
Many blame the risky actions and greedy behaviour of bankers for causing the financial crisis. But while these actions pushed the world into recession and led to the collapse or nationalisation of leading banks, it appears to be business as usual for bankers. Following the G20 meeting in Pittsburgh, there will be no global attempt to limit the huge bonuses bankers receive. Nothing to prevent a culture of rewarding excessive risk. How can these bonuses be justified? Who are these financiers who seem to never suffer the consequences of their actions? We investigate the financial markets in Paris, London and New York.