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Europe Daily Bulletin No. 10491

9 November 2011
Contents Publication in full By article 15 / 34
GENERAL NEWS / (ae) eu/ecofin
Bank bonuses and dividends to be outlawed

Brussels, 08/11/2011 (Agence Europe) - EU Internal Market Commissioner Michel Barnier announced on Tuesday 8 November that the European Commission will shortly be unveiling an initiative to ban the payment of bank bonuses and dividends by major European banks required to increase their capital as set out in the debt crisis plan drawn up by Europe in October (see EUROPE 10483). European finance ministers want to ensure that bank recapitalisation does not lead to a massive and sudden...

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