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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Haim R. Branisteanu	4/5/2010 3:26:58 AM
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Mandelson Says Bank Bonuses Are a Provocation to the Public April 04, 2010, 9:16 PM EDT More From Businessweek news.sky.com April 4 (Bloomberg) -- U.K. Business Secretary Peter Mandelson said he expects “more humilty” from banks. Asked in a Sky News interview about the remuneration of Robert Diamond, president of Barclays Plc, Mandelson said “I don’t mind people being rewarded for success. What is Mr Diamond doing? He is making deals not building business.” “Don’t go on provoking the public in this way,” Mandelson urged the banks, adding that they have a long way to go before they recover public sympathy. To contact the reporter on this story: Kitty Donaldson in London at kdonaldson1@bloomberg.net To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net businessweek.com

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