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Bankers ready to sue if bonuses too small
British banks should brace themselves for claims from "disgruntled" bankers who will not roll over and accept lower bonuses than usual despite the huge public and shareholder backlash against out-of-control pay, legal experts have warned. One claim for £1.5m is understood to have already made its way into the system last year, after a banker believed their 2011 bonus was too low. The case is believed to have been rejected before it got to court, with lawyers acting for the bank branding the claim "whimsical". Judges are also said to be unsympathetic towards bankers' claims that their bonuses are too small in the ... (full story)
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