Across the Standard & Poor’s 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, according to data compiled by Bloomberg. The numbers are based on industry-specific estimates for worker compensation.
European rules aimed at making insurers safer may cost the industry as much as 200 million pounds ($310 million) a year in the U.K., said Andrew Bailey, the country’s top banking and insurance supervisor.
Chancellor of the Exchequer George Osborne’s program to give taxpayer support to U.K. homebuyers is “unconvincing” and risks inflating house prices and exposing the Treasury to losses, a panel of lawmakers said.
British lawmakers pushed for three former top executives at HBOS Plc to be banned from working in the financial industry after their “self-delusion” led the lender to require a 28 billion-pound ($42 billion) rescue.
The Bank of England governing board’s refusal to disclose its discussions during the financial crisis was “unsatisfactory” and prevented Parliament from holding the bank to account, Treasury Committee Chairman Andrew Tyrie said.