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EU moves to cap bank bonuses

European Union officials last night struck a deal to cap bankers' bonuses at a year's salary. Under the deal some bankers may still earn twice their salary in bonuses if there is explicit approval from shareholders.

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RBS boss questions EU move to cap bank bonuses

RBS chief executive Stephen Hester has told ITV News' Economic Editor Richard Edgar that the European Union's decision to cap bankers' bonuses should not be targeting the industry.

Mr Hester said: "Why just one industry? What other industries do you want caps on and income policies, then you have the question of does your economy then thrive based on that central control?"

RBS boss says bankers should not be targeted regarding bonus caps. Credit: ITV News

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