Swiss clamp down on bank excessive salaries update

28th April 2010, Comments 0 comments

Update 15:45 Bern, Switzerland GenevaLunch - The Swiss federal government is taking three steps to curb what it calls “excessive salaries in banks and insurance companies.” It noted in a press release Wednesday afternoon 28 April that the measures were necessary because “inappropriate compensation systems with false incentives were jointly responsible for excessive risk ...

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