Anger over bank bonuses grows

The heat on bank management salaries and bonus payments is increasing all over the world. In the UK, MP John Prescott has delivered a 14,000 signature petition to Parliament, demanding that the bailed-out Bank of Scotland axe plans to pay a billion pounds in bonuses to senior staff.

Prescott said that the banks had abused financial stability, through greed and the pursuit of profit. “They are the ones who led us into the mess: bankers.”

British bank bosses who appeared before a parliamentary committee this week seemed to agree – with each of them apologising at the beginning of the hearing for their role in the collapse, while stopping short of admitting blame.

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