Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Banks Told to Curb Bonuses After Insurance Provision, FT Says

The Financial Services Authority is pressuring banks to curb their bonus pools to compensate for losses spurred by mis-selling payment-protection insurance to customers, the Financial Times newspaper said.

The regulator wants banks to recognize the multibillion compensation payments for PPI insurance used to cover payments on credit cards and mortgages in case of illness or unemployment, as they assess 2011 payouts for bankers, the newspaper said citing an unidentified person familiar with the talks. The discussions with the FSA come as banks plan to pay out large sums to their employees despite calls to curb bonuses from politicians and lawmakers, the report said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.