FDIC’s Bair Says European Bonus Rules Move in ‘Good’ Direction
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Federal Deposit Insurance Corp. Chairman Sheila Bair said rules adopted in Europe to restrict bankers’ bonus payments are a move in the right direction.
“As a matter of principle, yes, the direction it goes is a good one,” Bair said today in an interview for Bloomberg Television’s “Political Capital with Al Hunt” that will be broadcast this weekend.