FRANKFURT, Dec 9 (Reuters) – A windfall tax on bankers’ bonuses, as is now being discussed in the UK, would not be effective in encouraging less risky behaviour among banks in the long term, ECB Governing Council member Axel Weber said. (more…)
Ireland tweaks “bad bank” law to keep Green support
By Carmel Crimmins
DUBLIN, Oct 9 (Reuters) – Ireland’s government altered legislation creating its “bad bank”, the National Asset Management Agency (NAMA), to include the threat of a levy on lenders, to make the law more palatable to junior coalition partner the Green Party.
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